PNS|Hyderabad
Indian Vegetable oil Producers Association (IVPA), the apex body of the stakeholders from the Edible Oil Value chain, organized ‘IVPA Global Roundtable 2022 on Veg Oil and Oilseed Sector’ in association with Roundtable on Sustainable Palm Oil (RSPO), Centre for Responsible Business (CRB) and Malaysian Palm Oil Council (MPOC), at ITC Kohenur, Hyderabad, India on 18th and 19th November 2022.
The event was inaugurated by Minister for Industries K T Rama Rao, along with Minister S Niranjan Reddy, Sudhakar Desai, President IVPA, and other stakeholders from the edible oil sector. Rama Rao presented Telangana government’s plan to cultivate oil palm in 20 lakh acres in the next five years. This will reduce import dependence on edible oil seeds, he added.
The Minister said that as paddy production in the State has increased from 6.8 million metric tons in 2014 to 25.9 million metric tons this year, the Telangana government has started extending support to farmers to take up oil palm cultivation.
“Telangana has a good mix of soybean, groundnut, and sunflower production. Palm Oil will be added to the list. Therefore, I invite the chief executives of Agro processing companies to invest in Telangana as the raw material required will be available for them,” he said.
“The Industries Minister also urged them to look at the food processing sector as the State has earmarked 10,000 acres of land for Telangana Special Food Processing Zones. Telangana will meet or beat offers made by other States to the Agro or Agro processing companies,” he assured.
He gave out the salient features of path-breaking TS-iPASS policy and detailed on how doing business in Telangana is different and easier. Also presented the vibrant ecosystem of Lifesciences, IT, and spoke about the Kaleshwaram Project and its outcomes.
Agriculture Minister S Niranjan Reddy said after the Centre permitted oil palm cultivation in 25 of the 33 districts, the State has approved 11 companies to set up 25 oil crushing and refining units. While the target is to bring 1.75 lakh acres under oilseed this year, plantation on 40,000 acres could be completed as excessive rainfall came in the way.
He was hopeful of more area being brought under the plantation on the back of the State’s pro farmer policies. The meeting will bring together edible oil experts, researchers, technologists, and industry players having a major stake in Edible Oils.
Speaking on the occasion, Sudhakar Desai, President IVPA, “The global food crisis triggered by the pandemic and the subsequent war between Ukraine and Russia, have thrown multiple challenges to the edible oil sector ranging from sourcing to managing demand and supply, production and other market dynamics.
This has once again brought the issue of aiming for self-sufficiency in edible oils.
The IVPA Global Roundtable 2022 on Veg Oil and Oilseed Sector is aimed at finding solutions to these problems, forging partnerships, and developing a road map to make India self-sufficient in edible oils.”
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