New Delhi: The government has set an ambitious target of increasing domestic palm oil production by more than three times from the current 3 lakh tonnes to 11 lakh tonnes by 2025-26 to reduce India’s high dependence on edible oil imports. Is. To accelerate the production and cultivation of palm oil in the country, the government will now pay special attention to the North East and Andaman and Nicobar Islands.
Sources said that the proposal National Mission on Edible Oil – Palm Oil (nemo-opIt was placed before the cabinet on Wednesday and it has been approved. The mission to push domestic palm oil production assumes significance as India imported about 133.5 lakh tonnes of edible oil worth Rs 80,000 crore in 2020-21 to meet the domestic requirement and the share of imported palm oil is around 56. % Was. Soybean (27%) and sunflower oil (16%).
TOI has learned that under this mission the government will reduce the cultivation of palm oil by 10. will focus on increasing million hectares 16.7 lakh hectares by 2025-26 and by 2029-30. NS Center It will provide some financial assistance to the farmers to ensure that they get good price for their produce. This formula will work on the value and the viability value of the product.
Sources said the weather conditions in the North East and Andaman and Nicobar Islands are favorable for palm oil cultivation and that is why the special focus of the mission will be on these two areas.
“If the government aims to bring one million hectares under palm oil cultivation in the next five years, they will have to declare palm oil as a plantation crop, like rubber tea and coffee, to attract investments. Also, land suitable for palm oil cultivation should be exempted from the Land Ceiling Act. The government is going to earn Rs 40,000 crore as import duty from the import of edible oil this year. We have been suggesting that the government should provide financial assistance of Rs 5,000 crore per annum for the next five years oilseeds and oil palm program to see tangible results,” said BV Mehta, executive director Solvent Extractors Association (SEA) India.
Sources said that the proposal National Mission on Edible Oil – Palm Oil (nemo-opIt was placed before the cabinet on Wednesday and it has been approved. The mission to push domestic palm oil production assumes significance as India imported about 133.5 lakh tonnes of edible oil worth Rs 80,000 crore in 2020-21 to meet the domestic requirement and the share of imported palm oil is around 56. % Was. Soybean (27%) and sunflower oil (16%).
TOI has learned that under this mission the government will reduce the cultivation of palm oil by 10. will focus on increasing million hectares 16.7 lakh hectares by 2025-26 and by 2029-30. NS Center It will provide some financial assistance to the farmers to ensure that they get good price for their produce. This formula will work on the value and the viability value of the product.
Sources said the weather conditions in the North East and Andaman and Nicobar Islands are favorable for palm oil cultivation and that is why the special focus of the mission will be on these two areas.
“If the government aims to bring one million hectares under palm oil cultivation in the next five years, they will have to declare palm oil as a plantation crop, like rubber tea and coffee, to attract investments. Also, land suitable for palm oil cultivation should be exempted from the Land Ceiling Act. The government is going to earn Rs 40,000 crore as import duty from the import of edible oil this year. We have been suggesting that the government should provide financial assistance of Rs 5,000 crore per annum for the next five years oilseeds and oil palm program to see tangible results,” said BV Mehta, executive director Solvent Extractors Association (SEA) India.
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