MARKET DEVELOPMENT
SEA, Solidaridad Ink Pact to Promote Growth in Oilseed Sector
SEA, Solidaridad Ink Pact to Promote Growth in Oilseed Sector
05/10/2016 (India Today) - The Solvent Extractors Association of India (SEA) today said it has signed an agreement with Hong Kong-based Solidaridad to promote multi-pronged strategy and sustainability issues in vegetable and oilseed sector in India.
"Together, we will develop and execute multi-pronged strategies and sustainable business solutions to enhance the efficiency of edible oil sector in the country and enabling policy environment intended to improve sustainability," SEA Executive Director B V Mehta told reporters here.
"It is expected that this partnership will add value and enhance the contribution of the sector in Indian economy, employment and well-being of farmers, thus foster development and growth of solvent extraction industry," he said.
According to the Memorandum of Understanding (MoU), SEA and Solidaridad will identify key sustainability issues in edible oils in India, especially palm and soy.
It will also take up policy issues in the interest of stakeholders.
Both the organisations will jointly develop markets for sustainably produced products and create enabling environment of partnerships for joint and collaborative efforts to transform the sector.
"We will also look into water efficiency and technology and provide a platform for palm growing and consuming countries, including Indonesia, Malaysia, China and India, for exchanging information and knowledge," Solidaridad Network Asia MD Shatadru Chattopadhayay said.
Solidaridad, which is the sustainability partner of Malaysian Palm Oil Board, Indonesian Agriculture Ministry and China National Vegetable Oil Association (CNVOA), will work closely with SEA for a aligned approach on sustainable development of oil seed sector and in particular on palm oil, Chattopadhayay added.
Solidaridad is a solution-oriented civil society organisation working through nine regional expertise centres in 52 countries and aspires to transform production practices to provide fair and profitable livelihoods and business opportunities, decent working conditions. PTI SM GK BAL SRE
This is unedited, unformatted feed from the Press Trust of India wire.
"Together, we will develop and execute multi-pronged strategies and sustainable business solutions to enhance the efficiency of edible oil sector in the country and enabling policy environment intended to improve sustainability," SEA Executive Director B V Mehta told reporters here.
"It is expected that this partnership will add value and enhance the contribution of the sector in Indian economy, employment and well-being of farmers, thus foster development and growth of solvent extraction industry," he said.
According to the Memorandum of Understanding (MoU), SEA and Solidaridad will identify key sustainability issues in edible oils in India, especially palm and soy.
It will also take up policy issues in the interest of stakeholders.
Both the organisations will jointly develop markets for sustainably produced products and create enabling environment of partnerships for joint and collaborative efforts to transform the sector.
"We will also look into water efficiency and technology and provide a platform for palm growing and consuming countries, including Indonesia, Malaysia, China and India, for exchanging information and knowledge," Solidaridad Network Asia MD Shatadru Chattopadhayay said.
Solidaridad, which is the sustainability partner of Malaysian Palm Oil Board, Indonesian Agriculture Ministry and China National Vegetable Oil Association (CNVOA), will work closely with SEA for a aligned approach on sustainable development of oil seed sector and in particular on palm oil, Chattopadhayay added.
Solidaridad is a solution-oriented civil society organisation working through nine regional expertise centres in 52 countries and aspires to transform production practices to provide fair and profitable livelihoods and business opportunities, decent working conditions. PTI SM GK BAL SRE
This is unedited, unformatted feed from the Press Trust of India wire.