Agri Business

AP asks edible oil industry to bring in better technology

Our Bureau Hyderabad | Updated on October 20, 2013 Published on October 20, 2013

The Andhra Pradesh Government has asked the edible oil industry to bring in benchmark technologies to improve yields.

Andhra Pradesh Information Technology and Communication Minister Ponnala Lakshmaiah said it was very important to increase productivity in order to improve oilseed production. This, in turn, would help the country reduce edible oil imports, which was draining the foreign exchange.

Addressing the Indian Oilseeds and Produce Export Promotion Council’s (IOPEPC) annual trade meet here on Saturday, the Minister said the country was currently importing 50 per cent of all edible oils, spending about $10 billion.

He said that Andhra Pradesh ranked second after Gujarat in groundnut production. “We are giving huge subsidies for inputs such as drip irrigation for oil palm growers. I request the industry to bring technologies to improve productivity,” he said.

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Published on October 20, 2013
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