THE GOVERNMENT WILL formulate a strategy to achieve self-sufficiency in oilseeds mustard, groundnut, sesame, soybean and sunflower and expand usage of nano diammonium phosphate (DAP) fertiliser to reduce import dependence.
"Atmanirbhar Oilseeds Abhiyan will cover research for high-yielding varieties, widespread adoption of modern farm techniques, market linkages, procurement, value addition and crop insurance," finance minister Nirmala Sitharaman said on Thursday.
India imports around 56% of its domestic edible oil consumption of around 25 million tonne (MT). According to the Solvent Extractors Association of India, the country's import of palm, soybean and sunflower oils rose 17% to a record 16.47 MT(valued at 1.38 trillion) in the 2022-23 oil year (NovemberOctober) on year, owing to a fall in global prices and low import duty.
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