India’s per capita consumption of edible oil (14kg/ person) is far below global standards (26kg/ person) and is growing year on year.
80% of India’s vegetable oil imports comprise of Palm Oil, taking the import value of Palm Oil to Rs. 60,000 Cr.
Palm Oil generates 5 times the yield per unit of land compared to other sources of oil seeds.
India currently has 2.70 crores hectares under oil seeds of which a meagre 3.60 lakh hectares is used for Oil Palm.