India looking to increase exports to China, starts by oilseed meals

Indian and Chinese businessmen on Wednesday jointly discussed opportunities for the export of Indian oilseed meals to China, the world's major consumer and important importer of the oil meals, a senior official said.

Led by the NAFED Managing Director Sanjeev Kumar Chadha, a 20-member Indian delegation, including 18 Indian oil meal exporters, participated in a seminar and discussed the export possibilities of with the Chinese importers organized by the Indian Embassy today, an official statement said here.

The Indian delegations interaction with more than 120 representatives of around 80 Chinese import houses, an Indian Embassy press release said.

The event was organized in partnership with the China Chamber of Commerce of Foodstuffs, Native Produce and Animal By Products (CFNA) and China Feed Industry Association (CFIA).

India is a major producer of best quality rapeseed meal, soya meal and all such other meals. China is a major consumer and important importer of oil meals in the world.

Indian Ambassador to China Gautam Bambawale held a detailed discussion with the Indian delegation and explained them about the current level of economic commercial engagement and need to have a major push from Indian industry to boost Indian exports with cost competitiveness, quality, and timely delivery, the statement said.

Prashant Lokhande, Counsellor (Economic and Commerce) said that Indian oil meals are Non-Genetically Modified and hence is very high in quality and demand.

In last five months of this year, India exported more than 1.1 million tons of oil meals to South Korea, Vietnam and Thailand, registering a growth of 21 per cent year on year, the statement said.

Rong Weidong, Vice Chairman of CFNA who spoke at the meeting called upon Chinese importers to make full utilization of presence of Indian exporters and try to sign contracts today itself.

The seminar was followed by a buyer-seller meet in which the businesses from both sides had in-depth interactions covering price, quality and delivery commitment, the press release said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)