OIL LOCAL PRODUCTION

BHUBANESWAR, Thirty years back, then Prime Minister Rajiv Gandhi laid the foundation of what was later called Yellow Revolution. The Oilseeds Technology Mission he launched in 1986 transformed India from being a major importer of edible oil to being self-sufficient in 1993-94, that is, in less than a decade. It was a remarkable achievement, indeed.

 

Then a downslide started. India bowed to World Trade Organisation pressures to kill its Yellow Revolution. The demise of the Yellow Revolution is a classic case of how a promising sector was sacrificed at the altar of economic liberalisation.

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