India is becoming ‘AatmaNirbhar’ in Edible Oil Industry | Explainer Video

Описание к видео India is becoming ‘AatmaNirbhar’ in Edible Oil Industry | Explainer Video

On 24th May 2021, centre held a meeting with all stakeholders to discuss ways and means to ensure availability of edible oil at a reasonable price in India. In the past few months there has been a hike in the price of edible oil in India. Change in international prices of edible oil makes an impact on domestic price of edible oil. Here’s why...

Latest data of 2020 says that India needs 25 million tonnes of edible oils to meet its requirement at current consumption level of 19 kg per person per year. Out of those 25 million tonnes, around 10.50 million tonnes is being produced in India. As of now in order to meet the gap between the demand and supply, India imports around 60% of edible oil.

Central government together with state governments is already increasing the domestic production of crops which can be used to make edible oils. In this video we will talk about government schemes and initiatives that promote production of edible oil in India.

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