Edible Oil - India’s Bid To Reduce Imports And Become ‘Atmanirbhar’: CareEdge
Edible Oil Sector Check - India’s Bid To Reduce Imports And Become ‘Atmanirbhar’: CareEdge
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CareEdge Research Report
The recent geopolitical crisis causing restrictions in the import of edible oils, such as sunflower oil, adverse measures taken by major edible oil-exporting countries relating to the export of palm oil, increasing diversion towards biofuels are major challenges to an edible oil-importing country like India.
Thus, it is desirable to increase the domestic oil seeds production to reduce import dependency in an uncertain geopolitical environment amid the increasing de-globalisation trend across the world, as huge reliance on imports could compromise the national interest in the long run.
Therefore, it has become imperative for a country like India to become not only self-reliant but also self-sufficient to the best extent possible (viz, Atmanirbhar), which is economically prudent as well as strategically sensible.
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