MOU signing Ceremony Between The Oil Technologists’ Association of India – West Zone & Malaysian Palm Oil Council
by Shrutee K/DNS
Mumbai – In conjunction
with the visit to India of the Hon. Minister Plantation Industries and
Commodities of Malaysia, Datuk Seri Mah Siew Keong, MPOC and OTAI WZ signed a MoU to further the
cooperation between the two organisations to institute
and continue to expand co-operation in areas of mutual interest to broadly
promote the development and use of Malaysian palm oil and 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 organizations are
amenable through joint efforts.
Malaysian Palm Oil Council of Malaysia
(MPOC), having
its registered office in Kuala Lumpur, Malaysia, is desirous of collaborating
with relevant trade organizations in India to promote and create opportunities
for the greater acceptance of Malaysian palm oil among Indian consumers, food
manufacturers and other end users. MPOC similarly desires to create greater
awareness of Malaysian palm oil benchmarked through the Malaysian
Sustainability Palm Oil (MSPO) certification standards whose objectives include
demonstration of sustainability practices within the Malaysian palm oil
industry and accompanying quality related assurances as prescribed through
MSPO. OTAI-WZ is part of the Oil
Technologists' Association of India (OTAI) a pioneer International Association
in the field of Oils and allied products. The main objectives of the
association is to promote the cause of an
all-round, rational and economic development in the country of the oilseeds,
oils and fats, (edible / inedible), and derived industries, such as soaps and
surface coatings, and of such related areas as synthetic detergents, lubricants,
fuels, oleo chemicals, toiletries, cosmetics and allied products, to encourage
research, development, education and training in the above areas. The Association functions through its five
zones viz. Central, Northern, Eastern, Western and Southern.
The MoU covers the following areas of cooperation
between MPOC and OTAI WZ:
Jointly help educate Indian consumers on the
nutritional and health benefits of palm oil and improve overall understanding of palm oil and its applications
while elucidating its numerous strengths and benefits.
Jointly promote Malaysian Sustainable Palm
Oil (MSPO) by enhancing trade opportunities in the market place, by
identifying, sharing and highlighting the latest opportunities through MSPO for
Malaysian palm oil in the India.
Upholding the good
name of Malaysian palm oil among consumers and various end users by
helping to close the gap between the issues of perception, allegations and the
realities of palm oil.
Familiarising the Indian palm oil processing
sector with latest technical developments taking place in the Malaysian palm
oil industry and through its research bodies.
Exchange palm and edible oils and fats
related business, technical, policy and administrative information, data and
materials and undertake collaborative activities that are beneficial to both
parties.
Jointly identify various research topics
which will validate nutritional benefits of
palm oil and benefits of using palm oil and its derivatives as
renewable, environment friendly and non toxic source to manufacture various bio
based surfactants, lubricants, fuels, polymers etc.
Jointly create
an expert panel to assist 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 activities
India
and Malaysia have long established historical and cultural ties, which have now
developed into excellent diplomatic and trade relations. Economic and
commercial relations are the mainstay of the bilateral relationship between
Malaysia and India. Palm oil products
are the corner stone of the trade relations between the two countries. Indian
industrialists have made significant contributions to the development of the
Malaysian palm oil industry, particularly in the palm oil refining sector. Groups
such as Tata and Birla, pioneered in establishing palm oil refineries in
Malaysia way back in the 1970s and 1980s.
MPOC is a Council under the Ministry of Plantation
Industries and Commodities of Malaysia.
Its role is to promote the market expansion of Malaysian palm oil and
its products by enhancing the image of palm oil and creating better acceptance
of palm oil through awareness of various technological and economic advantages
(techno-economic advantages) and environmental sustainability.
The Council has set up a network of ten offices all over
the world mainly in China (Shanghai), India (Mumbai), Pakistan (Lahore),
Bangladesh (Dhaka), Middle East (Istanbul and Cairo), Europe (Brussels and
Russia), Africa (Durban) and Americas (Washington DC) to support, promote and venture into new
areas for the industry.
The plantation
industry, particularly palm oil, is one of the main pillars of the
economy. The palm oil sector has contributed
significantly towards providing a continuous inflow of export earnings through
the export of raw commodity and valued-added products to the global market. In
2016, palm oil contributed USD 9 billion in export earnings and accounted for 33%
of the world’s palm oil production and 39% of total palm oil exports.
The country today
enjoys its economic prosperity and development through a strong foundation set
by the industry and contribution in terms of export earnings and employment. It
has long put into place guidelines, research, industrial and environmental
standards that provide a safe, high quality Trans-free oil in a manner that
supports the local economy, preserves the environmental resource base and is
economically viable. Practices are constantly reviewed to ensure that best
agricultural and management practices evolve in line with new research findings
and international standards.
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