Current Affairs   »   PM Modi announces palm oil initiative

PM Modi announces palm oil initiative

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Prime Minister Narendra Modi has announced a Rs 11,000 crore National Edible Oil Mission-Oil Palm (NMEO-OP) to make India self-sufficient in cooking oils, including palm oil. The government will ensure that farmers get all the facilities, from quality seeds to technology under the mission.

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While India has become self-sufficient in rice, wheat and sugar, it was not enough as the country is hugely dependent on imported edible oils. The Centre has already been running a National Mission on Oilseeds and Oil Palm to boost oilseeds and palm oil production in India for the last few years with an aim to lower imports.

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