Mumbai: Three days Globoil India international conference on edible oil was held in Mumbai.The event was inaugurated by Ibu.Ir. Musdhalifah Machmud, Dy Minister for Food and Agriculture Coordinating Ministry for Economic Affair, Govt of Indonesia on 27th September at Renaissance Mumbai Convention Centre Hotel, Mumbai.
Ram Vilas Paswan, Union Minister Food, Public Distribution & Consumer Affairs, who was the chief guest in the second day of the conference, said, “The central government is committed to protect the interest of farmers and consumers, and the central government has decided to give major relief to sugar growers in the sugar industry and to eradicate the slowdown. Food package will be implemented soo.
“Sugarcane production subsidy has been increased to Rs. 138.80 per ton, more than doubling of rupees 55 per ton during the upcoming sugar season. It also plans to export at least 50 lakh tons of sugar from the country next year. Proposals have been taken to fulfill this and for the export of sugar, a subsidy of 2500 to 3000 rupees will be given”Mr. Paswan added.
“The fast-moving consumer goods sector is doing well. The rural market is growing better than the urban one. The biscuit industry is Rs 32,000-crore market now. The snack market will continue to grow”. “Edible oil has witnessed a shift from loose to packaged oil. The demand for value-added products and premium products is increasing. E-commerce can be a challenge, but it also has some benefits.” Said Hemant Malik, Chief Executive Officer, ITC Foods.
Kailash Singh, MD, Tefla’s & Organizer Globoil India was of the view that, “Globoil India is now an established annual feature and is keenly looked forward by the players in the vegetable oil trade and industry. A truly interactive forum, Globoil is enriched by international participation and provides an index of the rising importance of India in the Global Market Place. Over the years this forum has been successful in forging close relationship with various constituents of the International Edible Oil trade. The growing popularity of this forum is an index of the rising importance of India and the sub-continent in the Global Market place”
Globoil India started in 1997 by Tefla’s has evolved into an independent and unified platform providing a meaningful interface amongst the various facets of the Edible Oil Industry. The Solvent Extractors’ Association of India was the Chief Patron of this forum.
This year, apart from India, event witnessed huge participation, Business & Ministerial Delegations from Malaysia, Indonesia, Ukraine, Argentina, USA, UK, Middle-East & Germany. More than 1500 Delegates & around 100 Exhibitors had participated in this event.
Distinguished Speakers in this event included Thomas Mielke, Editor-in-Chief, Oil World, Hamburg, Germany, Dorab Mistry, Director – Godrej International Ltd, London , Dr. Julian McGill – Head-South East Asia, LMC International, U.K, Dr. Sathia Varqa, Co-Founder, Palm Oil Analytics, Singapore, Nadir Godrej, Managing Director, Godrej Industries, India, Svetlana Sinkovskaya, Head-Marketing Department, APK-Inform Agency, Ukraine , Atul Chaturvedi, President – SEA & CEO – Agri Business, Adani Group Sudhakar Desai, CEO, Emami Agrotech, Angshu Mallick, COO, Adani Wilmar Ltd, Sandeep Bajoria, CEO – Sunvin Group, Himanshu Goyal, India Sales & Alliances Leader, IBM Watson Media and Weather & Nagaraj Meda, Managing Director – Transgraph Consulting Pvt. Ltd.