The Solvent Extractors’ Association of India (SEA) has written a letter to Prime Minister Narendra Modi, calling for urgent action to control the significant increase in the import of low-cost edible oils from Nepal through the South Asian Free Trade Area (SAFTA) agreement. The SEA has raised concerns about the impact of this influx on the domestic edible oil industry in India. The association has highlighted the need for regulatory measures to address this issue and protect the interests of Indian oilseed farmers and processors. SEA’s appeal comes as the edible oil industry in India is facing challenges due to the influx of cheaper imports, which is affecting local production and prices. The association has urged PM Modi to intervene and implement measures to regulate the import of edible oils from Nepal, ensuring a level playing field for Indian producers. This plea underscores the importance of safeguarding the domestic edible oil sector and ensuring its sustainability in the face of increasing competition from imports. The SEA’s letter to the Prime Minister emphasizes the need for prompt action to address this pressing issue and protect the interests of the Indian edible oil industry. PM Modi’s intervention is crucial to ensure a fair and competitive environment for domestic edible oil producers in India.
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Indian industry group urges PM Modi to regulate influx of cheaper edible oils from Nepal under SAFTA agreement.
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