date:Dec 17, 2015
plants; and over 1,000 refineries employing more than one million people.
The total market size is at Rs 600 billion and import-export trade is worth Rs 130 billion. India being deficient in oils has to import 40% of its consumption requirements. The domestic turnover of the vegetable oil industry is Rs 70,000 crore and import-export turnover of about Rs 16,000 crore per annum, consists of Rs 10,000 crore for import of edible oils Rs 6,000 crore for export of oilmeals, oilseeds, castor oil,