Connect with us

Business

Vegetable oil import increasing, oilseed production poor’

Published

8 years ago

on

oil-seedsPanaji:Increased import of vegetable oil, coupled with low oilseed production paints a disappointing picture of the country’s vegetable oil industry, stakeholders said on Thursday.

Speakers at the three-day Globoil India 2016 event here, also expressed hope that the GST could a game changer and a shot in the arm for the vegetable oil industry.

Sandeep Bajoria, chairman, Globoil and CEO, Sunvin Group said that India was the world’s leading cooking oil importer and there was need to “adopt policies to promote domestic oilseed production”.

“But that has not been happening,” he said, noting imports of vegetable oil have almost reached 70 per cent in the current fiscal.

Currently, more than 50 per cent of the country’s annual demand for cooking oil, which is around 16 to 17 million tons, is supplemented by import of palmolein oil, as well as soya bean oil from Latin America and sunflower oil from countries in and around the Black Sea.

“Oil seeds and pulses are the biggest sufferers and the period between 1995 and 2015 should be considered as the lost decades for these commodities. Practically no growth in oilseed and only marginal increase in pulses was witnessed,” said Atul Chaturvedi, CEO, Adani Wilmar Ltd at the inaugural session of the event held at a coastal resort near the state capital.

He also stressed on the importance of investment in research which increases productivity of oil seeds in the country.

“If we can invest more in research and increase out production of oil seeds our imports would reduce,” he said, adding that implementation of GST would be a game changer as far as the vegetable oil industry in the country is concerned.

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending