Mumbai-based Solvent Extractors Association of India (SEA), the edible oil industry body has urged the government to allow import of only crude palm oil and place all refined oils under the restricted category of trade.
In a recent virtual meeting with Food Ministry Secretary Sudhansu Pandey on ways to boost domestic production and reduce import of edible oils, the SEA also requested the government to provide more incentive for export of groundnuts. In a statement, SEA said the meeting discussed in detail about the scope of the industry and suggested a few actionable points.
One of the recommendations made was to allow import of only crude palm oil and keep all refined oils under the restricted category, it said.
The government has kept only RBD (refined, bleached and deodorized) Palmolien in the restricted category of trade since January this year. The country imports annually about 14-15 million tonnes of edible oils to meet domestic demand.
To increase domestic production of oilseeds, the SEA has urged the government to provide higher incentives for R&D and improved seed of various varieties of oilseeds.
SEA President Atul Chaturvedi and senior officials of the association participated in the meeting. A presentation was also made, outlining the action plan for the next ten years for enhancing production and productivity of oilseeds.
It was also suggested in the meeting that the government should impose goods and service tax (GST) of 5 per cent on Deoiled Rice bran for achieving the ease of doing business in rice bran processing and selling, the statement added.