date:Dec 17, 2015
oil seed sector accounts for the domestic turnover ofRs70,000 crore and import/ export turnover ofRs16,000 crore. India is also the third-largest importer of vegetable oil in the world, next to the European Union and China.
Measures for boosting Foreign Direct Investment (FDI) to vegetable oils and vanaspati have been undertaken in India with the objective of expanding this sector. The food sector of India is expected to grow significantly in coming years. FDI would be effective in increasing t