Tuesday, April 25, 2017
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OILS AND FATS
SEA, Malaysian Palm Oil Council ink MoU to promote Malaysian palm oil use
Tuesday, 04 April, 2017, 08 : 00 AM [IST]
Our Bureau, New Delhi
In conjunction with the visit to India of Malaysia’s prime minister, Mohammad Najib bin Tun Haji Abdul Razak, the Solvent Extractors' Association of India (SEA), the premier association of vegetable oil industry and trade and the Malaysian Palm Oil Council (MPOC), the premier body for promoting Malaysian palm oil the world over, signed a Memorandum of Understanding (MoU) to further the cooperation between the two organisations to institute and continue to expand cooperation in areas of mutual interest to broadly promote the development and use of Malaysian palm oil and Malaysian Sustainable Palm Oil- (MSPO) certified palm oil as a valuable commodity, which advances the interests of its producers, processors, users and consumers through product and market development support and activities when and where the interests of the two organisations are amenable through joint efforts and covers a wide range of understanding, including:
MPOC shall familiarise the Indian palm oil processing sector with latest technical developments taking place in the Malaysian palm oil industry and through its research bodies.
MPOC has agreed to extend their cooperation to promote Make in India by helping the Indian palm oil industry by providing technical know-how and training of personnel.
MPOC shall recommend a suitable export policy for Malaysian palm products for India, thereby encouraging better capacity utilisation of the Indian vegetable oil refining industry.
SEA and MPOC jointly create an expert panel to assist the development of India’s palm oil industry through the provision of information and expertise on latest technology applications and adoptions in both upstream and downstream.
The MoU was signed by Atul Chaturvedi, president, SEA, and Kalyana Sundram, chief executive officer, MPOC, and was exchanged in the presence of the Malaysian prime minister.
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