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India's Self-Reliance Bid in OILSEED
India is the fourth-largest oilseed producer in the world. It has 20.8 per cent of the total area under cultivation globally, accounting for 10 per cent of global production. The country relies heavily on imports, which account for 57 per cent of its domestic demand for edible oil. In 2022-23, India imported 16.5 million tonne of edible oils. Domestic production fulfilled only 40-45 per cent of the country's requirements. The NITI Aayog recently estimated that the national supply of edible oil is projected to increase to 16 MT by 2030 and 26.7 MT by 2047 under a Business-As-Usual (BAU) scenario. The edible oil seed production industry is struggling with a set of challenges such as limited access to good quality seeds, poor irrigation facilities in main oilseed-growing areas, Insufficient price support, lack of strong supply chains and lack of awareness about modern and sustainable farming methods among farmers. With favourable policies for oilseed production, use of new agri technologies and sustainable farming methods, modern storage and
processing technologies and adoption of the Public-Private partnership model, the edible oil production industry is
looking forward to cutting edible oil imports in future.
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