SCHUTZEN Chemical Group Appoints “Azelis as Preferred Distributor for Personal Care & Paint Coating" Markets in India

SCHUTZEN Chemical Group, the leading diversified specialty chemical manufacturer has announced the appointment of Azelis, a leading global distributor of specialty chemicals and food ingredients as the preferred distributor for its Personal Care & Paint Coating Markets in India.  

Azelis will focus on the distribution of two innovative actives from Schutzen: 

The Tamarind based active for Hair & Skin Care 

The Anti-Viral, Anti-Microbial, Anti-fungal active which is safe and free of hazardous chemistries 

 SCHUTZEN Chemical Group has developed an innovative Hair & Skin Conditioning Product which is derived from Tamarindus indicia Seed polysaccharide, a more sustainable option compared to ubiquitous chemistries like Polyquaternium -10 & Cationic Guar Gum. 

Further as a rapid response to the COVID-19 crisis, SCHUTZEN Chemical Group was quick to develop & deploy a very safe Anti-Viral, Anti-Microbial & Anti-Mite active for Home & Personal Care markets and Paint Coating market. The Biocide is an active which is free of hazardous chemistries and aligns with SCHUTZEN’s sustainability objectives. 

Raj Mahendra Tanna, Founder & Director, SCHUTZEN Chemical Group said, "We are proud that we could quickly adapt to the COVID-19 crisis & rapidly respond with the launch of one of the safest Virucidal, Microbicidal & Fungicidal actives. The active will further serve as a major contributor in the hygiene market post COVID-19. We are equally excited to launch our unique Hair & Skin conditioning active based on Tamarindus Indica Seed polysaccharide through our patented process. This presents to be a game changer in terms of sustainability & performance in the personal care market.” 

He further added, “Azelis’ market presence, formulation development capabitlities and customer centric approach proved crucial in our decision to chose them as a partner. We sensed Azelis to be a very supportive & humble organization. They exhibit a genuine focus on solving challenging customer problems. We are confident that Azelis India will make an excellent partner and significantly add to our growth & brand equity.” 

Commenting on the partnership, Mrs. Aparna Khurana, Managing Director Azelis India comments: “Schutzen offers highly innovative products in line with the market demand for our key markets of Personal Care and CASE. Their new launch, the Anti-Viral, Anti-Microbial, Anti-Fungal active, a clean and safe hygiene solution, is a great demonstration of their adaptability to the market demand, making their portfolio continually attractive. We are delighted about this partnership as it offers new product development opportunities for our customers. Azelis will do its utmost to boost Schutzen’s penetration across India and grow the number of customers in CASE and Personal Care.”  

SCHUTZEN has chosen Azelis India as one of its key distributors thanks to its strong market presence, formulation development capabilities and support towards all spectrum of customers. This distribution agreement enables the Group to optimize its distribution network. Both companies share a strong focus on innovation and technical service to customers based on expert knowledge & business support, sustainability, transparency, and constructive collaboration.  

SCHUTZEN is very determined to bring around sustainable solutions to difficult areas in the industry. 

 

Mswipe launches “Bank Box” to Revolutionize Digital Payment Landscape for SMEs

 * New affordable offerings comprising of zero rental and zero MDR solutions

* Small businesses can collect and pay digitally even without a bank account

* Enters issuance business with Mswipe Moneyback Card to help merchants earn as they spend

* One-time digital KYC for hassle free and instant signup

Mswipe announced today the launch of Bank Box, a digital acceptance and payment solution designed to meet the cost-centric needs of MSMEs and merchants, as well as provide for a seamlessly integrated experience. Through this launch, Mswipe aims to pave the way for a futuristic payment solution platform and address key challenges that merchants and MSMEs face, with recurring costs on POS terminals like PoS rentals and Merchant Discount Rate (MDR).

Mswipe, India’s largest merchant acquirer with a network of 6.75 lakh POS and 1.1 million QR merchants, set out with the vision to build a cutting edge product – one that combines their acquiring and issuing platforms into a one-stop-shop, “Bank Box”, which enables easy signup, instant activation of the terminal and lifetime zero rental and zero effective MDR for merchants.

Manish Patel, Founder and CEO, Mswipe said, “COVID-19 has significantly impacted the earnings of small businesses, which in turn has led to curbed expenditures from their end. As a market innovator, Mswipe is helping MSMEs and merchants control costs incurred while accepting digital payments and further incentivize them to make digital payments. Essentially, Mswipe’s Bank Box facilitates small, medium and micro businesses to break into the digital ecosystem at the lowest possible TCO and sign up - even if they do not have a bank account.”

With a one-time digital KYC, businesses can choose between Bank Box Go - a POS solution with zero rental and zero MDR or Bank Box Lite - a QR solution with 0 rental and 1% cashback on all transactions and instantly go live. In both offerings a merchant gets a UPI QR and a Moneyback Card. Bank Box Go additionally provides an affordable mPOS capable of accepting chip + pin and contactless card payments. For Bank Box Go merchants have to pay a one-time fee of Rs. 4,000 plus taxes while for Bank Box Lite, they pay only Rs.199 plus taxes.

Sameer Hoda, President, Strategy and Operations, Mswipe said, “With Bank Box we have democratized the digital acceptance and payments ecosystem for the smallest of businesses by giving them a choice. With Mswipe now both an acquirer and issuer, we have provided an end-to-end digital enablement of MSMEs and merchants and empowered them to join the Digital Bharat movement.”

While mPOS allows acceptance of multiple modes of payments including UPI, Visa, Mastercard and American Express, mQR accepts payments from more than 150 UPI and mobile banking apps like PayTM, Axis Bank and BHIM among others. To spend digitally, merchants can load their Mcard with up to Rs. 1,00,000 per month.

Mswipe is targeting merchants with an average daily digital collection of Rs. 2,000 - Rs.2,500 in tier 3-4 markets and Rs. 8,000 - Rs. 10,000 in Metro and semi-urban areas.

About Mswipe:

Mswipe aims to be India’s largest financial services platform for SMEs and merchants by providing seamless mobile POS and value-added Services. It is the largest independent mobile POS merchant acquirer and network provider with 6.75 lakh POS and 1 million QR merchants across the country. Mswipe offers a host of POS solutions for all types of payment acceptance - cards, wallets, mobile payment apps and bank apps, contactless and QR payments. Headquartered in Mumbai, Mswipe began operations in 2011. Its key investors include B Capital, UC-RNT, Falcon Edge Capital, Matrix Partners India, DSG Partners and Epiq Capital. For more information, visit https://www.mswipe.com

Experience Driving Pleasure of the New Tata Nexon EV with Just a Monthly Subscription

 Key Highlights:

* Tata Nexon EV available at an all-inclusive fixed rental starting at only Rs. 41,900/- per month

* Select the tenure of your choice from 18, 24 or 36 months

* Available in 5 key cities during the inaugural launch – Delhi/NCR, Mumbai, Pune, Hyderabad and Bengaluru

* Comprehensive insurance cover, instant roadside assistance and a hassle free end-to-end maintenance- all included

* End-to-end digital engagement to eliminate any common and shared touch points

Tata Motors, India’s leading automobile manufacturer, today announced the launch of a first of its kind subscription model for electric vehicles (EV). Designed to make EVs more accessible to a rapidly growing base of future conscious citizens, Tata Motors is making available its flagship EV, the Tata Nexon at an all-inclusive fixed rental starting at just Rs. 41,900/- per month. Discerning customers can select the tenure of their subscription from a minimum period of 18 months to 24 and 36 months. Through a collaboration with Orix Auto Infrastructure Services Limited, amongst India's top leasing companies, this service is being offered in 5 major cities - Delhi/NCR, Mumbai, Pune, Hyderabad and Bengaluru, during the inaugural phase of the launch.

With no hassle of vehicle registration and road tax, the entire process of subscribing to the Tata Nexon EV has been made seamless via end-to-end digital engagement. Additional benefits include comprehensive insurance coverage, on call roadside assistance plus free maintenance with periodic servicing and doorstep delivery. Additionally, customers can have their own EV charger installed at their home or office, as convenient.

Announcing the launch of this unique EV subscription programme, Shailesh Chandra, President, Passenger Vehicles Business Unit, Tata Motors said, “EVs are the future, and as the leader of this fast growing segment, Tata Motors is committed to popularise their access and use in India. With this novel subscription model, we are making it more convenient for interested users of EVs to experience their myriad benefits. It is ideal for customers preferring ‘usership’ over ownership in the rapidly growing era of shared economy.”

The subscription model is customised and perfectly suited for corporates who prefer to lease, individuals with frequent inter-city job transfers, and expatriates who stay for a fixed tenure, among others. Further, the partnering with Orix Auto provides a comprehensive value proposition, inviting customers to easily experience the magic of EV. Post the tenure of their subscription, customers can either choose to extend it or just return the vehicle.

To know more about the Tata Motors EV Subscription Program, please visit https://evsubscription.tatamotors.com

Mahak Group Launches Campaign for Mint ChocOn Featuring Janhvi Kapoor

 Mahak Group has launched a new campaign-‘Mint Nahi Hint Hai’, for its trademark candy Mint Choc On. Mahak Mint ChocOn is a one-of-its-kind candy with mint favoured outer shell and delectable, chocolate filled centre. The TVC stars actress Janhvi Kapoor and sets beautifully encapsulates the emotions of a young couple on their first date.

The film opens to a beautiful late evening setting, where Janhvi and a boy are sitting by a hilltop ledge. The couple is out on their first romantic date. Since it’s their first date ever, they’re both a little clueless about exactly what to do on a first date. Trying to break the awkward silence, Janhvi asks, “So, aur kya karte hain first date pe?” to which the guy replies, “Pata nahi….mera bhi toh first time hai.” Janhvi then passes on a Mahak Mint ChocOn candy to the guy and he replies, surprised, “Mint?” Janhvi shyly replies, “Ye Mint Nahi Hint Hai.” Taking her subtle hint, the boy then consumes Mint ChocOn and leans in towards Janhvi.

Mr S K Jain, CEO & MD, Mahak Group said: “Today it is of utmost importance to all brands to keep coming up with innovative offerings in order to create a recall and a strong customer base in the market. We launched Mint ChocOn keeping just that in mind. Mahak Mint ChocOn is a novel concept, with just a hint of playfulness and whimsy. Our campaign is aligned to the core essence of Mahak Mint ChocOn. We employ German technology in manufacturing the product. From a teenager to a young working professional, Mint ChocOn is an offering, which will appeal to everyone. We feel that someone as vivacious and full of energy as Janhvi fits the bill perfectly and is an ideal choice for a brand ambassador. We are ecstatic to have her on board as the face of the brand.”

On associating with Mint ChocOn Janhvi Kapoor said: “I have always had a bit of a sweet tooth, in fact, I can have sweets any times of the day! Whenever my parents were happy with Khushi and me, they would spoil us with candies and chocolates. Which is why, I am happy to associate with Mint ChocOn. It is such an innovative concept. I am sure Mint ChocOn is soon going to be a crowd favourite.”

TVC Details:

TVC – https://www.youtube.com/watch?v=LI5EgoFusf0

Language: Hindi

Production House: Passion Films Production House and Celebrity Management Company

Producer: Ricky Singh Bedi

Protagonist: Janhvi Kapoor

Toyota Kirloskar Motor Launches Sporty New Fortuner TRD Limited Edition

 Summary

* Specially designed by Toyota Racing Development (TRD) for India

* Sporty and rugged Fortuner looks underlined by R18 TRD alloy wheels

* Latest and novel features like 360-degree panoramic view monitor and auto-folding ORVMs for hygiene and ease of driving

* Premium exterior highlighted by the dual-tone roof

* Interiors made more stylish by the illuminated scuff plates

* A special å 4 badge to signify all-terrain capabilities (4x4 variant)

* Functional and intuitive accessories under Special Technology Package

* Attractive Pearl white color in dual tone

* Fortuner TRD Limited Edition variants available in 4x2 and 4x4 AT diesel.

Ex-showroom price (same across the country except Kerala)

The Fortuner needs no introduction and to celebrate the success of this icon, Toyota Kirloskar Motor (TKM) today launched the Limited Edition of the Sporty New Fortuner TRD in the Indian market. TKM has leveraged the heritage of Toyota Racing Development (TRD) to bring a sporty appeal to the Fortuner TRD. The Limited Edition is available in both 4x2 and 4x4 Automatic Transmission (diesel) variants in dual-tone stylish exterior, stunning dual-tone dashboard and rugged charcoal black R18 TRD alloy wheels. Bookings are open from today across the Toyota dealerships in the country.

A truck cake sitting on top of a car

Description automatically generatedIn addition to the standard superlative features, the new Sporty New Fortuner TRD offers a range of digital high-tech optional accessories under  Special Technology Package which includes state-of-the-art features like ‘Head up Display (HUD),Tyre Pressure monitor (TPMS), Digital Video Recorder (DVR), Wireless Smartphone Charger and Welcome door lamp which will further enhance comfort and style. Also, since personal safety a top priority another accessory which is first from Toyota in India is Air Ionizer.

Launched in 2009, the Toyota Fortuner has been the most-loved SUV in the country for more than a decade now and continues to the unchallenged leader in its segment. Premium features, stylish and uber-cool interiors, best-in-class safety and powerful performance have been the hallmark of the Fortuner over the years endearing it to many generations of SUV enthusiasts in the country. 

Commenting on the launch, Mr. Naveen Soni, Senior Vice President, Sales and Service, TKM, said, “Today, the customers demand more power, performance, safety, features and drive experience from vehicles. They are also seeking a freshness in the look and feel. With a customer-first approach and a dedicated passion for fulfilling their needs, we have introduced new products, variants and exclusive editions over the years. The Fortuner TRD Limited Edition is yet another effort to cater to the customer demands by offering more than what they seek through unparalleled and segment-leading features. An important accessory to the Fortuner TRD Limited Edition to ensure customer safety is the air ionizer owing to the concerns about the air we breathe in these challenging times. What’s more, the Fortuner TRD is truly exclusive and only limited units are being made available for SUV aficionados in the country.

We also would like to express our gratitude to the Fortuner fan base in India for giving the brand the cult status it - today, enjoys. We hope the Fortuner continues to excite and thrill more and more Indians.”

New Tough & Stylish Features

Dual Tone Roof

Rugged Charcoal Black R18 Alloy wheels

360 Panoramic View Monitor

Auto fold ORVM

Stunning Dual Tone Dashboard

Illuminated scuffle plate

Product Highlights

Reinforced power and toughness

Power-packed 2.8L, 2755 cm3 [cc] 4-cylinder diesel engine generating maximum torque of 450 Nm @ 1600 – 2400 rpm with maximum output of 130 Kw (177 PS) @ 3400 rpm.

Available with a 6-speed automatic transmission with sequential & paddle shift.

Automatic Idling Stop/Start Function.

Tough frame structure that delivers exceptional torsional & bending rigidity even in the harshest environments.

Pitch & Bounce control.

Suspension enhances ride comfort, through straight-line stability, controllability, handle response & advanced damping technology.

Safety & Security features

VSC [Vehicle Stability Control] with BA [Brake Assist]

7 SRS Airbags

Impact-absorbing structure with pedestrian protection support

Front Seats: WIL Concept Seats [Whiplash Injury Lessening]

Child Restraint System: ISOFIX + Tether Anchor on 2nd Row

Front Row: Pretensioner + Force Limiter

Hill Start Assist Control (HAC)

ABS with EBD

Speed Auto Lock with Emergency Unlock

Emergency Brake Signal

 

Exterior Features

Dusk Sensing Bi-Beam LED Projector Headlamps with LED DRLs

SMART Entry and Push Start/Stop

Illuminated Entry System - Puddle Lamps in ORVM

Chrome Plated Door Handles and Window Beltline

LED Rear Combination Lamps

LED Front Fog Lamp

Rear Fog Lamp

Fully Automatic Power Back Door with Height Adjust Memory and Jam Protection

Electrically Adjustable, Retractable Side Mirrors with Side Turn Indicators

Aero-Stabilising Fins on ORVM Base and Rear Combination Lamps

 

Comfort & Convenience

All Cabin wrapped in Soft Upholstery, Metallic Accents and Woodgrain-patterned Ornamentation

Cruise control

Eco and Power drive modes

Large TFT Multi-Information Display

Navigation Turn Display on MID

Optitron Cool-Blue Combimeter with Chrome Accents and Illumination Control

Audio, MID, Tel, Voice Recognition Switches on Steering Wheel

Tilt & Telescopic Steering Column

Automatic Climate Control [Dual A/C] with Auto Rear Cooler

Touch Screen Audio with Capacitive Switches [DVD, BT, USB, Aux-in, 6 Speakers, NAVI, Remote]

Power Back Door Access on SMART Key, Back Door and Driver Control

8-way Driver & Passenger Power Seat

2nd Row: 60:40 Split Fold, Slide, Recline & One-Touch Tumble

3rd Row: One-touch Easy Space-Up with Recline

Park Assist: Back Monitor and Rear Sensors

Gurguram Based Used Car Retailing Platform Spinny Acquires its Mumbai Based Rival Truebil

With the onset of COVID-19, an unprecedented global crisis, a lot of industries are seeing a significant reduction in customer demand, whereas the used car market has gained momentum globally due to a change in personal transport preferences in a COVID impacted the world. The effect can also be seen in the context of the Indian used car market witnessing consolidation and rapid growth among players. In the most recent development, Spinny - Gurugram headquartered full stack used car platform - has acquired rival Truebil - Mumbai headquartered. Truebil operated a C2C managed used car marketplace along with a full-stack direct retail program as Truebil Direct. Truebil served in Mumbai, Bangalore, and Delhi NCR, and was clocking INR 250 Cr+ in annual sales before the COVID outbreak. Truebil was founded in early 2015 by IIT Kharagpur and IIT Bombay alumni Suraj Kalwani, Ravi Chirania, Shubh Bansal, Rakesh Raman, and Ritesh Pandey. Through its journey, Truebil managed to raise a total of USD 24 Mn in funding, including USD 4 Mn in debt funding. Its major institutional investors include Kalaari Capital (India), Shunwei Capital (China & India), Kae Capital (India), Inventus Capital (US & India), and Spiral Ventures (Japan & Singapore) and in early 2019, Truebil had closed its Series B round of funding.

Gurugram headquartered Spinny currently offers its services across Delhi NCR, Bengaluru, Hyderabad, and Pune. Spinny, which operates through a full-stack online-to-offline retail platform model, has seen significant tailwind in its business post-COVID-19 outbreak. Spinny initially started in mid-2015 through the C2C managed marketplace model, in mid-2017, it pivoted entirely to its current full-stack platform model after realizing the need to control the entire value chain to provide the best quality and a premium experience to its customers. During March 2020, Spinny announced the completion of a USD 43 Mn+ series B round led by Nandan Nilekani's venture fund The Fundamentum Partnership: the round saw participation from existing investors Accel and SAIF Partners. Accel and SAIF Partners had co-led the company's USD 13 Mn+ Series A round in April 2019. The latest Series B round of Spinny also saw participation from other new investors which include US-based General Catalyst and South Korea based KB Group, other than the lead investor Fundamentum. Blume Ventures led Spinny’s seed round along with Russia's Simile Ventures. Many angel investors, along with the IAN group investors, were provided exit by the company during its Series A round of funding last year.

While both Spinny and Truebil have refrained from commenting on the commercials and exact details of the deal, Truebil's Co-founder and CEO Suraj Kalwani did share his experience of building Truebil and the reasons behind his decision of selling out the company to Spinny. "At Truebil, we have built a technology-driven retail platform enabling trust and seamless consumer experience for used car buyers. Truebil thrived in building consumer-centric products aided by technology and data science, helping consumers make objective decisions in their used car purchase. We were operating across three major cities in India and our endeavor to scale our services across the country; we were excited to share a similar vision as Niraj and team at Spinny. We realized that by augmenting each other's capabilities, we could accelerate towards building the country's largest and the most trusted used car brand". Spinny's Co-Founder and CEO Niraj Singh said, "We like and respect the capabilities Suraj and his team have built at Truebil and find certain merit in that for Spinny, so this deal was a natural move for us. But given Spinny is still in its early days, we will let the Truebil platform keep operating as an independent brand for now. We will reassess merging within the Spinny brand umbrella after some time."

With this acquisition, Spinny becomes the only used car startup in India that follows a full-stack retail platform model and operates on the organized side of the market. Other peers like Cars24, CarDekho, OLX, etc. provide their services mostly in the unorganized classifieds and dealer ecosystems side of the market. Commenting on Spinny’s plans, Niraj further added that building capabilities for best in class quality and customer experience has always been our top focus area. We will keep doubling down on our efforts there. Meanwhile, we will also keep going deeper into our existing markets and soon activate a few more markets.

Looking at how similar modeled players have performed across the globe, the used car market is poised to grow and emerge stronger than before from the COVID crisis. US-based online used car player - Carvana’s stock price has seen a 5x jump this quarter to an all-time high value. Not only existing listed players are reaping the benefits of these tailwinds, but also new stock market entrants are making the most of the situation. Another similarly modeled player, Vroom (US), entered the public markets in Jun’20 and saw a massive interest, so much so that it overshot its initial raise plans by ~4.5x. Its valuation almost doubled on the day of the IPO. Looking at the public market performance of such companies in the US, investors have taken an eye out for similar players across global markets. UK based Cazoo announced a new funding round that values the company at over a billion dollars, making it the latest startup to attain unicorn status in this segment and making Cazoo the fastest unicorn in the UK.

About Spinny

Spinny is a full-stack car-buying platform for the young Indian, enabling a car buying experience that is simple and delightful. Though in the early stages, Spinny has been appreciated by its customers with an above 4.5 out of 5 ratings from Spinny car owners – and a 78% NPS and 35% referral purchases. Headquartered in Gurgaon, Spinny employs over 500 people across 6 cities India.

https://www.spinny.com/home-test-drive/

An IIT-Delhi alumnus, Niraj Singh (Founder & CEO) is a serial entrepreneur and investor. Spinny was born out of his desire to deal with a core area that directly addresses the customer’s challenge; in this case a car. He noticed the absence of a platform that offers a completely trustworthy and premium experience to people purchasing second-hand cars, even though they are spending a significant amount and the purchase being a very aspirational one for them. He was determined to solve this problem by eradicating the distrust and making the process simple and straightforward for the customer.

North East has Potential to Emerge as Largest Oil Palm Cultivator in the Country

Summary

* OPDPA, continues to request government to introduce structural and policy changes to fully leverage the potential of the crop for the benefit of farmers, employment generation, and reduced dependence on imports and economy at large 

* Region has the capacity to produce 1 billion dollars equivalent of Crude Oil Palm imports 

OPDPA (Oil Palm Developers And Processors Association), the Nodal Agency for Oil Palm Cultivation in India lauds the message by the PM Mr. Modi for recognising the need and importance of being self-reliant in edible oil, and asking Farmers and State Governments of North East to pursue Oil Palm cultivation. His message clearly underpins the benefits of Oil Palm cultivation to the overall Atmanirbhar Bharat agenda as well as its potential to help with the growth story of the region. 

The PM has recommended the State Governments of North East region to set up oil palm missions in their respective States to promote cultivation of the Oil Palm. The setting up of these missions will help boost the ecosystem as well increase focus for the adoption of the crop. Oil Palm cultivation in North East Regions can tremendously boost the economy of the region leading to large scale development and progress of the region. 

Commenting on the progressive step taken by the Government, Mr. Sanjay Goenka, President of OPDPA said, “The expanse of Oil Palm cultivation in the country is very negligible today as compared to the potential the crop possesses. We have seen the transformation this crop has brought about in the lives of farmer community in Andhra Pradesh and we hope to emulate the same in the Northeastern States as well. A strong and robust long term policy mechanism needs to be introduced to give this crop the required push across India. Given the Honorable Prime Minister’s Atmanirbharta vision, India can truly achieve its goal of self-sufficiency in Edible Oils by pushing for development in the Oil Palm Plantation sector 

In North East, the states of Arunachal Pradesh and Assam have tremendous scope for undertaking and increasing area under Oil Palm. The Agro-Climatic conditions of the region are extremely suitable for Oil Palm cultivation and therefore, the region has the potential to cover over 2,00,000 Acres. Equivalent to 1 billion dollars of imports can be prevented. 

Members of the OPDPA, Including 3F Oil Palm, have already set up base and are working closely with the state governments of NE to create awareness on the benefits of the crop. 3F Oil Palm, a pioneer in Oil Palm cultivation in the country, currently operates in Arunachal Pradesh and has already covered over 5000acres of Area under Oil Palm in the Lower Debang Valley District of Arunachal Pradesh. Plans are in the pipeline to set up a state of the art Processing facility with a captive power plant.   

Oil Palm crop is a highly remunerative crop that has the potential to provide the highest return on investment per acre compared to other commercial crops. Farmers in Andhra Pradesh are a living testimony to the far-reaching benefits of this crop for their livelihoods and future. 

India is heavily dependent on imported edible oils, With nearly 15 million tonnes (or nearly 68 per cent) of edible oils getting imported to meet the country’s annual requirement of about 22 million tonnes. Of the total 15 million tonnes of import, about 9 million tonnes (or nearly 60 percent) is palm oils. 

“The  industry is in need of several reforms to maintain its viability and attract further investments in various states of India. OPDPA has been aggressively pursuing the agenda with the Government to bring in structural policy changes which will greatly propel the industry to new growth levels. With the policy changes proposed by us, we can truly achieve our Hon. PMs vision of Atmanirbharta in Edible Oils”, Mr. Sanjay Goenka added further. 

Some of the key asks by the association are: 

Stable pricing mechanism to be put in place for protecting the Indian Oil Palm farmer from fluctuations in price of the produce and continue to motivate him to grow the crop. A fixed MSP mechanism as suggested by the draft CACP report of 2018, will go a long way in this regard.  

A special package for the northeast will quickly help the country in bringing large areas under oil palm plantation (Including making available unutilized government land to Oil Palm companies for captive Oil Palm plantation). 

About OPDPA: 

The Oil Palm Developers and Processors Association (OPDPA) is a consortium of companies that include 3F Oil Palm Pvt. Ltd., Godrej Agrovet Ltd. Ruchi Soya Industries Ltd. etc, established to work towards the growth of the Oil Palm Industry. Despite a challenging policy and regulatory environment, over the last 2 decades the industry has grown from a ‘0’ hectares in oil palm then to a respectable 200,000 hectares across several states including the North East. The industry has a huge potential to help India bridge the country’s edible oil deficit, generate several thousand jobs and help in nation building.