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Amazon inks $30m carbon credit deal with Indian rice farmers
Methane-cutting farming push links climate goals with farmer income
NEW DELHI: Amazon has signed a $30 million agreement to purchase carbon credits generated by Indian rice farmers, marking one of the largest agriculture-linked carbon deals in the country to date and signalling a shift in how corporates approach climate action.
The agreement is being executed through the Good Rice Alliance, a collaboration between Bayer, GenZero, and Shell Nature-Based Solutions, backed by Singapore’s Temasek. Rather than dealing directly with individual farmers, Amazon is tapping into this alliance to scale the programme efficiently.
At the heart of the initiative is a relatively simple shift in farming practice known as Alternate Wetting and Drying. Traditionally, rice paddies remain flooded, creating oxygen-free conditions that produce methane, a greenhouse gas far more potent than carbon dioxide. Under the new method, fields are periodically allowed to dry, disrupting methane formation while maintaining crop yields.
The benefits go beyond emissions. The approach significantly reduces water usage, a crucial advantage in regions already facing water stress. For farmers, it also opens up a new income stream. By adopting climate-friendly techniques, they earn carbon credits that can be sold to companies like Amazon, effectively turning sustainability into a revenue opportunity.
The current phase of the project covers more than 13,000 smallholder farmers across roughly 35,000 hectares. Amazon expects the initiative to offset about 685,000 metric tonnes of carbon dioxide equivalent emissions, offering a measurable contribution to its broader climate commitments.
The deal is notable not just for its scale but for its direction. While many companies have historically focused on forestry or renewable energy offsets, this move highlights growing interest in agriculture-based solutions that tackle methane emissions directly. It also reflects the increasing sophistication of carbon markets, where even small, decentralised farms can be integrated into global climate strategies.
For India, the implications are significant. As the world’s largest rice producer and one of the biggest methane emitters, scaling such models could play a meaningful role in meeting climate targets while supporting rural livelihoods.
For Amazon, the message is clear. Climate action is no longer just about reducing emissions within operations. It is also about reshaping supply chains and ecosystems. And in this case, the path to net zero runs straight through the paddy fields.
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OpenAI hires Nitin Bawankule as head of enterprise sales, India
Former AWS, Google and Disney+ Hotstar leader to drive AI adoption at scale
MUMBAI: OpenAI has appointed Nitin Bawankule as head of enterprise sales for India, strengthening its leadership bench as it deepens its push into one of the world’s fastest-growing AI markets.
Bawankule, who will join in mid-May, brings more than two decades of experience across cloud, media, and digital ecosystems. Most recently, he served at Amazon Web Services, where he led multiple high-growth verticals and helped accelerate enterprise adoption of cloud and AI solutions in India.
Announcing the move, OpenAI head of enterprise sales, India Nitin Bawankule said he is looking forward to helping organisations transition from “isolated AI pilots to company-wide transformation” and embedding AI into everyday workflows to unlock productivity and better decision-making.
Before AWS, Bawankule held senior leadership roles at The Walt Disney Company, where he led ad sales for Disney+ Hotstar and television networks, driving revenue growth across major sporting and entertainment properties. He also spent over eight years at Google, including a stint as country director for Google Cloud in India.
His appointment comes at a time when Indian enterprises are rapidly scaling AI adoption, moving beyond experimentation to integrating AI into core business functions. OpenAI’s decision to bring in a seasoned enterprise leader signals its intent to capture this opportunity and build deeper partnerships across industries.
With a strong track record in navigating major technology shifts, Bawankule is expected to play a key role in translating AI’s promise into practical, business-ready solutions for Indian companies.
As the race to operationalise AI gathers pace, OpenAI’s latest hire suggests it is gearing up not just to participate, but to lead from the front in India’s enterprise AI story.
