Niti Aayog on Wednesday said higher import duty on edible oils and a substantial duty gap between crude and refined oil can help India become Atmanirbhar in edible oil production.
The Aayog, in a report titled 'Pathways and Strategy for Accelerating Growth in Edible Oil towards Goal of Atmanirbhartar', further said leveraging public-private partnerships is crucial for accelerating edible oil production, utilising private sector expertise in technology, marketing, seed production, and area promotion across all oilseed crops, including oil palm, with buy-back arrangements.
"A flexible tariff structure, responsive to global market prices, domestic supply and demand trends, and the Minimum Support Price (MSP) for oilseeds, offers a strategic approach,"
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