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The Union Cabinet on Thursday approved the National Mission on Edible Oil-Oilseeds (NMEO-Oilseeds) with a financial outlay of Rs 10,103 crore. The initiative, aimed at boosting domestic oilseed production and achieving self-reliance in edible oils, will be implemented over a seven-year period, from 2024-25 to 2030-31, the Cabinet said in a communique. It aims to increase primary oilseed production from 39 million tonnes (FY 2022-23) to 69.7 million tonnes by FY 2030-31. The &l...
National mission on edible oils approved with Rs 10,103 crore outlay
India's Adani Wilmar forecast double-digit percentage growth in fourth-quarter edible oil sales on Friday, driven by strong demand during the festive season in the world's biggest importer. The consumer goods maker said it bagged strong growth in both its edible oils and foods businesses, aided by strong demand during the festival of Holi and ongoing wedding season. India meets more than two-thirds of its edible oil requirements through imports, with Adani Wilmar being one of th...
India`s Adani Wilmar sees double-digit percentage growth in Q4 edible oil sales
Union Agriculture Minister Arjun Munda has said that the government has launched a mission to boost production of oilseeds and reduce imports of cooking oils. He said the central government has done the work of eliminating the gaps in the development of agriculture in the northeastern states and bringing them into the mainstream. Munda said the government is working with the resolve to make the country a developed nation by 2047, in which the role of agriculture is very important. He highl...
Government launches mission to boost production of oilseeds, reduce imports of cooking oils: Arjun Munda
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