Quote to be attributed to Anubhav Agarwal, Managing Director and CEO, BN Group

Share Story on

“Finance Minister Sitharaman’s Interim Budget holds promise for the edible oil industry. The continued focus on ‘Atmanirbhar Oil Seeds Abhiyan’ with its emphasis on research, technology adoption, and market linkages is a welcome step towards self-sufficiency. This, coupled with the increased capital investment outlay, paints a promising picture for rural development and increased consumption, both of which directly impact our industry’s growth. However, the success hinges on the swift implementation of these initiatives. Streamlining access to high-yielding seeds, ensuring timely procurement at remunerative prices, and facilitating value addition, crop insurance are crucial for farmers to truly benefit. Additionally, sustaining the reduced import duties on key edible oils while strengthening domestic production can create a win-win situation for consumers and industry players.

Overall, the budget lays a strong foundation towards self-reliance, but industry collaboration and swift execution will be key to translating vision into reality. We, in the edible oil industry, are optimistic and committed to contributing to a truly ‘Atmanirbhar’ edible oil ecosystem for India.”

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.



Search By Category

Recent News

You May Also Like

Babu88Sports to Sponsor Telugu Warriors for CCL 2024

Babu88Sports to Sponsor Telugu Warriors for CCL 2024

Babu88Sports, a leading entertainment and sports management company, proudly announces its sponsorship for the renowned cricket team Telugu Warriors in the upcoming Celebrity Cricket League

Ahmedabad Celebrates New Retail Destination and Marks Anniversary in Style

Ahmedabad Celebrates New Retail Destination and Marks Anniversary in Style

Ahmedabad (Gujarat) [India], February 24:  Ahmedabad was in for a delicious surprise as Palladium Ahmedabad celebrated a dual milestone: the grand opening of their much-anticipated

Better health of healthcare workers in India: A Closer Look Insights by Dr. Gopal Sharan MD & CEO of TRLS Healthcare Consultancy

Better health of healthcare workers in India: A Closer Look Insights by Dr. Gopal Sharan MD & CEO of TRLS Healthcare Consultancy

New Delhi (India), February 24: In the noble profession of healthcare, where the real human touch is felt, dedicated healthcare workers render invaluable services to

Gripping poster of Gujarati movie “31st” unveiled

Gripping poster of Gujarati movie “31st” unveiled

Ahmedabad (Gujarat) [India], February 24: Excitement is mounting as the much-anticipated poster of the Gujarati film “31st” was unveiled in Ahmedabad on Wednesday, offering a tantalising

Akshaya Patra and The Breakfast Revolution Collaborate With USA Based ‘Share Our Strength’ To Impact 10,000 Children For Nutritious Meals

Akshaya Patra and The Breakfast Revolution Collaborate With USA Based ‘Share Our Strength’ To Impact 10,000 Children For Nutritious Meals

Culinary maestro Sanjeev Kapoor, and Chefs Asma Khan, Manish Mehrotra, Prateek Sadhu and Anil Rohira come together to provide a special dining experience to guests

Varmora Granito Unveils Flagship Showroom in Dewas, Madhya Pradesh

Varmora Granito Unveils Flagship Showroom in Dewas, Madhya Pradesh

Dewas (Madhya Pradesh) [India], February 24: Varmora Granito, a leading manufacturer of Tiles, Sanitaryware, and Bathware, is excited to announce the grand opening of its