Section 1: Oils & Fats Supply, Demand and Outlook:
Impact of Import Policy & Tax Restructuring on Palm Oil Imports in 2021 in India
Mr. Vipin Gupta
Mr Vipin Gupta is the management executive with more than two decades of experience in Agro Commodities in India and abroad with rich experience in Oilseeds, Sugar and Grains complex. He has proven track record in building new businesses and setting up teams to run new businesses and good insight on consumer through successful stints in vegetable-based consumer products and organized retail companies. Mr Vipin Gupta has vast insight in agro commodities as buyer, consumer, manufacturer and trader. He has successfully managed big takeovers and merging of companies and has worked in Animal Feed, Edible oil retailing, Manufacturing and Trading. His core skills include commodity trading, supply chain management and global networking.
Indian Government has been working hard to balance consumer inflation fuelled by rising edible oil prices across the globe and the need to promote domestic oilseed cultivation. The year has seen various changes to duties and the country has moved from one extreme of putting olien under restricted list to other of allowing the same to be imported freely at reduced duty.
This presentation from IVPA attempts to decipher the effect of policy changes on import and consumption of palm oil in India in short terms and also puts forward Association views on need for structured policy on edible oil duties to ensure seamless functioning of oil and oilseed industry in India.
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