Latest news with #VegetableOilProductsProductionandAvailability(Regulation)AmendmentOrder
Mint
2 days ago
- Business
- Mint
Industry body SEA warns new vegetable oil rules may challenge smaller producers
New Delhi, Aug 20 (PTI) The government's new vegetable oil regulation marks the sector's biggest overhaul in over a decade but could burden thousands of small producers lacking digital infrastructure, industry body SEA President Sanjeev Asthana said on Wednesday. The Vegetable Oil Products Production and Availability (Regulation) Amendment Order, 2025, replaces key provisions of the 2011 framework and aligns with the Collection of Statistics Act, 2008, seeking to improve transparency and data accuracy across the value chain. While larger players may adapt quickly to the new requirements, the Solvent Extractors' Association (SEA) President warned that thousands of small and unorganised producers-many without digital systems-could struggle with mandatory portal-based registration and monthly filing requirements. "The bigger question is whether the government can identify and onboard all such units," Asthana said in a statement. "Without full coverage, compliance gaps could persist despite tighter rules, defeating the objectives of the Order," he said in a statement. The amended order mandates monthly reports by the 15th of each month, detailing oil usage, production, and other operational data, raising industry concerns about data confidentiality and technical reliability. Asthana highlighted practical challenges, including the need for robust safeguards on confidentiality, limits on cross-departmental data use, and portal reliability concerns that could cause inadvertent non-compliance if technical glitches occur near filing deadlines. The industry body also called for clearer definitions for certain blended or value-added products and a reasonable transition timeline to avoid confusion and market disruption. "The amendment enhances transparency, facilitates better market intelligence, and supports evidence-based policymaking", according to government statements on the regulation. Despite implementation concerns, Asthana acknowledged that a well-regulated and documented sector would ultimately improve policy-making and enhance India's global competitiveness in vegetable oils. "The key will be adapting swiftly while ensuring no producer-large or small-is left behind in the edible oil industry," he said.
Economic Times
2 days ago
- Business
- Economic Times
Industry body SEA warns new vegetable oil rules may challenge smaller producers
Synopsis The government's new vegetable oil regulation, aiming for transparency and data accuracy, faces challenges as small producers may struggle with digital registration and monthly filings. SEA President Sanjeev Asthana highlights concerns about data confidentiality, portal reliability, and the need for a smooth transition to avoid market disruption. While acknowledging the long-term benefits, he emphasizes the importance of supporting all producers. The government's new vegetable oil regulation marks the sector's biggest overhaul in over a decade but could burden thousands of small producers lacking digital infrastructure, industry body SEA President Sanjeev Asthana said on Wednesday. The Vegetable Oil Products Production and Availability (Regulation) Amendment Order, 2025, replaces key provisions of the 2011 framework and aligns with the Collection of Statistics Act, 2008, seeking to improve transparency and data accuracy across the value chain. While larger players may adapt quickly to the new requirements, the Solvent Extractors' Association (SEA) President warned that thousands of small and unorganised producers-many without digital systems-could struggle with mandatory portal-based registration and monthly filing requirements. "The bigger question is whether the government can identify and onboard all such units," Asthana said in a statement. "Without full coverage, compliance gaps could persist despite tighter rules, defeating the objectives of the Order," he said in a statement. The amended order mandates monthly reports by the 15th of each month, detailing oil usage, production, and other operational data, raising industry concerns about data confidentiality and technical reliability. Asthana highlighted practical challenges, including the need for robust safeguards on confidentiality, limits on cross-departmental data use, and portal reliability concerns that could cause inadvertent non-compliance if technical glitches occur near filing deadlines. The industry body also called for clearer definitions for certain blended or value-added products and a reasonable transition timeline to avoid confusion and market disruption. "The amendment enhances transparency, facilitates better market intelligence, and supports evidence-based policymaking", according to government statements on the regulation. Despite implementation concerns, Asthana acknowledged that a well-regulated and documented sector would ultimately improve policy-making and enhance India's global competitiveness in vegetable oils. "The key will be adapting swiftly while ensuring no producer-large or small-is left behind in the edible oil industry," he said. The Solvent Extractors' Association of India represents 875 members, including about 350 working solvent extraction plants with a combined processing capacity of about 30 million tonnes annually.
Time of India
2 days ago
- Business
- Time of India
Industry body SEA warns new vegetable oil rules may challenge smaller producers
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The government's new vegetable oil regulation marks the sector's biggest overhaul in over a decade but could burden thousands of small producers lacking digital infrastructure, industry body SEA President Sanjeev Asthana said on Vegetable Oil Products Production and Availability (Regulation) Amendment Order, 2025, replaces key provisions of the 2011 framework and aligns with the Collection of Statistics Act, 2008, seeking to improve transparency and data accuracy across the value larger players may adapt quickly to the new requirements, the Solvent Extractors' Association (SEA) President warned that thousands of small and unorganised producers-many without digital systems-could struggle with mandatory portal-based registration and monthly filing requirements."The bigger question is whether the government can identify and onboard all such units," Asthana said in a statement. "Without full coverage, compliance gaps could persist despite tighter rules, defeating the objectives of the Order," he said in a amended order mandates monthly reports by the 15th of each month, detailing oil usage, production, and other operational data, raising industry concerns about data confidentiality and technical highlighted practical challenges, including the need for robust safeguards on confidentiality, limits on cross-departmental data use, and portal reliability concerns that could cause inadvertent non-compliance if technical glitches occur near filing industry body also called for clearer definitions for certain blended or value-added products and a reasonable transition timeline to avoid confusion and market disruption."The amendment enhances transparency, facilitates better market intelligence, and supports evidence-based policymaking", according to government statements on the implementation concerns, Asthana acknowledged that a well-regulated and documented sector would ultimately improve policy-making and enhance India's global competitiveness in vegetable oils."The key will be adapting swiftly while ensuring no producer-large or small-is left behind in the edible oil industry," he Solvent Extractors' Association of India represents 875 members, including about 350 working solvent extraction plants with a combined processing capacity of about 30 million tonnes annually.
News18
2 days ago
- Business
- News18
Industry body SEA warns new vegetable oil rules may challenge smaller producers
Agency: New Delhi, Aug 20 (PTI) The government's new vegetable oil regulation marks the sector's biggest overhaul in over a decade but could burden thousands of small producers lacking digital infrastructure, industry body SEA President Sanjeev Asthana said on Wednesday. The Vegetable Oil Products Production and Availability (Regulation) Amendment Order, 2025, replaces key provisions of the 2011 framework and aligns with the Collection of Statistics Act, 2008, seeking to improve transparency and data accuracy across the value chain. While larger players may adapt quickly to the new requirements, the Solvent Extractors' Association (SEA) President warned that thousands of small and unorganised producers-many without digital systems-could struggle with mandatory portal-based registration and monthly filing requirements. 'The bigger question is whether the government can identify and onboard all such units," Asthana said in a statement. 'Without full coverage, compliance gaps could persist despite tighter rules, defeating the objectives of the Order," he said in a statement. The amended order mandates monthly reports by the 15th of each month, detailing oil usage, production, and other operational data, raising industry concerns about data confidentiality and technical reliability. Asthana highlighted practical challenges, including the need for robust safeguards on confidentiality, limits on cross-departmental data use, and portal reliability concerns that could cause inadvertent non-compliance if technical glitches occur near filing deadlines. The industry body also called for clearer definitions for certain blended or value-added products and a reasonable transition timeline to avoid confusion and market disruption. 'The amendment enhances transparency, facilitates better market intelligence, and supports evidence-based policymaking", according to government statements on the regulation. Despite implementation concerns, Asthana acknowledged that a well-regulated and documented sector would ultimately improve policy-making and enhance India's global competitiveness in vegetable oils. 'The key will be adapting swiftly while ensuring no producer-large or small-is left behind in the edible oil industry," he said. The Solvent Extractors' Association of India represents 875 members, including about 350 working solvent extraction plants with a combined processing capacity of about 30 million tonnes annually. PTI LUX LUX DR DR view comments First Published: August 20, 2025, 15:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
