HOME| Curb imports of oleochemical sector’s finished products to save industry: SEA | Writer | Admin | |||
|---|---|---|---|---|---|
Expressing concerns over the threats being faced by the domestic oleochemical industry due to large scale import of finished products such as stearic acid, refined glycerine, soap noodles and oleic acid at nil duty from countries in South-East Asia, the Solvent Extractors’ Association of India (SEA) has asked the Government to place them under the restricted items list.
In a memorandum submitted to Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs and Food and Public Distribution, the SEA President, Ajay Jhunjhunwala, said oleochemicals are the chemicals derived from vegetable oils and fats. Stating that large investments and capacity expansion have happened in this sector in India in the last decade, he said India has high domestic consumption as well as potential to grow further. |
| No | Subject | Writer | Date |
|---|---|---|---|
| 151 | Automakers clash over carbon credit calculation under CAFE norms | Admin | 24-02-20 |
| 150 | Global consumer product makers to step up investments in India to increase capac… | Admin | 24-02-20 |
| 149 | Curb imports of oleochemical sector’s finished products to save industry: SEA | Admin | 24-02-19 |
| 148 | India Inc Q3 Profit Growth Remains on Double-Digit Path | Admin | 24-02-19 |
| 147 | RIL becomes first Indian company to hit Rs 20 lakh Cr m-cap | Admin | 24-02-15 |
| 146 | The Real Hyundai Stands up at Battery PLI Pre-bid Round | Admin | 24-02-15 |
| 145 | Fresh Quality Control Order Issued on 145 Steel Products | Admin | 24-02-14 |
| 144 | FMCG-makers continue to take M&A route to diversify offerings | Admin | 24-02-14 |
| 143 | Red Sea crisis: Freight costs rise for India Inc | Admin | 24-02-13 |
| 142 | PLI scheme's progress slows in key sectors, affecting manufacturing goals | Admin | 24-02-13 |