Cabinet's edible oils, oil palm decisions a game changer, says Prime Minister Modi

On August 18, India's Cabinet approved a Rs 11,040 crore outlay dedicated to promoting domestic cultivation of oil palm. Prime Minister Narendra Modi has called the decision a 'game-changer' for the country's goal of self-reliance.

The National Mission on Edible Oils-Oil Palm decision is expected to reduce the country's dependence on edible oil imports.

In a tweet, Modi said, "Today's Cabinet decision on National Mission on Edible Oils - Oil Palm will be a game-changer when it comes to helping oil palm farmers and creating an Aatmanirbhar Bharat. The Northeast, and Andaman and Nicobar Islands will specially benefit from this."


The prime minister also backed the revival of the North Eastern Regional Agricultural Marketing Corporation Limited, saying it would particularly help the farmers of the region and will further popularise the products of the Northeast across India.

The Cabinet also gave its nod for ratification of the Kigali Amendment for phase-down of hydrofluorocarbons (HFCs) by India under the Montreal Protocol on Substances that Deplete the Ozone Layer.

With inputs from PTI.