New Delhi, Puri Oil Mills, one of the Mustard Oil Manufacturers on January 28 (PTI), has a sector to the government on Monday through the establishment of a production -related incentive (PLI), the development committee, and the resolution of export barriers. We urged the government to support. Future union budget.
VIVEK Puri, the company’s management director, a promoter of the P Mark Ma Stard Oil, has a significant increase in the increase in the rise of domestic and international demand, the important element of the Indian MSMe sector. I emphasized that it retains the possibilities.
“Mustard oil is part of the food processing industry, and the government’s incentive support is important for improving domestic manufacturing capabilities and improving exports,” said MD.
India produced record 12 million tons of mustard oil seeds in FY2023. Industry experts predict that the market will grow with a 4.1 % composite annual growth rate (CAGR) from 2024 to 2032.
The MD also sought a sustainable, environmentally friendly /high -energy -efficient company for the same economic incentives as carbon credit.
He emphasized that the conventional “cold press method” used in the production of mustard oil would avoid heat and chemical solvent and maintain nutritional quality and bring direct carbon discharge during extraction.
Another important recommendation is the establishment of the “Mustard Oil Development Committee” similar to the Palm Oil Promotional Council (MPOPC) in Malaysia, and promoting the global option of Indian Mustard Oil as a healthy and sustainable option. It was. The proposed Board of Directors will promote mustard seed cultivation and encourage research on added value.
However, export opportunities are facing serious hurdles, as the United States and several European countries restrict the use of mustard oil for human consumption. The US Food and Drug Administration (FDA) classifies it as “external use only” and restricts sales to cosmetics applications.
“These restrictions hinder the export of Indian mustard oil in these markets, despite the growth of South Asian Diaspora. The government solves this hurdle and implements exports -friendly policies. MD should start dialogue, “said MD.
The MD has also called for the focus on the declaration of the international year’s mustard oil, taking measures against adultery, and the cultivation of mustard seeds.
In particular, mustard has 40 % of oil content, which is much higher than other oils.
Niti AAYOG’s document on “Autmanirbharta’s route and strategy to accelerate edible oil growth for the goal of Atmanirbharta” on August 28, 2024, mustard oil and oil -producing “Aatmnirbharta”. It suggests that it is a major solution to this huge problem to achieve. , Currently, it is the top priority of the Indian government.
Puri Oil Mills LTD, established in 1933, operates three manufacturing plants in Punjab, Himachal Pradesh, and Haliana, producing P Mark Ma Stard Oil in the Indian market.
