The new pursuit of self-reliance offers India’s edible oil industry a good opportunity to do away with the heavy reliance in imports.
How is it that a country which has emerged as a major exporter of several agricultural commodities, including rice and cotton, will continue to be around 70 per cent dependent on imports of oils for human consumption? India is also a major importer of vegetable oils for making cosmetics, oleochemicals and medicines. India’s oil marketing year runs from November to October and during 2018-19 vegetable oil imports were up 3.5 per cent to 15.55 ...
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First Published: Tue, June 23 2020. 22:03 IST
