Rice oil: Pakistan to buy machinery from India
Delegation of rice exporters to visit Delhi this month.
KARACHI:
Rice producers have planned to acquire technology from India for producing rice oil and in this regard a delegation of exporters will visit Delhi this month, a top official of a government trade body says.
This development is the result of recent talks between Pakistan and India for promoting trade and investment, where cooperation in technological advancements was also agreed.
Trade Development Authority of Pakistan Chief Executive Tariq Iqbal Puri told The Express Tribune that besides trade and investment, traders and investors of the two sides were coming closer to cooperate in technology transfer. “Better trade relations with India can lead to transfer to technology for value addition in different sectors,” he said.
It was in this connection, Puri said, that the government had decided to purchase Indian plant and machinery for value addition, particularly production of Bran oil, in the rice sector. Besides, plant and machinery for packaging will also be examined.
Pakistan is one of the key producers and exporters of rice in the world, but it has been unable to export value-added products because of lack of technology. In comparison, India is exporting rice cake, Bran oil and other food products and making handsome earnings.
Rice Exporters Association of Pakistan’s former vice-chairman Rafiq Suleman said the delegation would visit Mumbai and Delhi and the plant and machinery would be low cost and meet Pakistan’s environmental conditions. Besides, their maintenance and spare parts will not cost much.
Bran oil produced from rice is widely used for cooking and other purposes in Europe, China, Japan and other Asian countries.
This oil, which contains Vitamin E and other natural ingredients, reduces cholesterol and is effective in curing heart diseases. It is also used in cosmetic products.
Published in The Express Tribune, May 7th, 2011.
Rice producers have planned to acquire technology from India for producing rice oil and in this regard a delegation of exporters will visit Delhi this month, a top official of a government trade body says.
This development is the result of recent talks between Pakistan and India for promoting trade and investment, where cooperation in technological advancements was also agreed.
Trade Development Authority of Pakistan Chief Executive Tariq Iqbal Puri told The Express Tribune that besides trade and investment, traders and investors of the two sides were coming closer to cooperate in technology transfer. “Better trade relations with India can lead to transfer to technology for value addition in different sectors,” he said.
It was in this connection, Puri said, that the government had decided to purchase Indian plant and machinery for value addition, particularly production of Bran oil, in the rice sector. Besides, plant and machinery for packaging will also be examined.
Pakistan is one of the key producers and exporters of rice in the world, but it has been unable to export value-added products because of lack of technology. In comparison, India is exporting rice cake, Bran oil and other food products and making handsome earnings.
Rice Exporters Association of Pakistan’s former vice-chairman Rafiq Suleman said the delegation would visit Mumbai and Delhi and the plant and machinery would be low cost and meet Pakistan’s environmental conditions. Besides, their maintenance and spare parts will not cost much.
Bran oil produced from rice is widely used for cooking and other purposes in Europe, China, Japan and other Asian countries.
This oil, which contains Vitamin E and other natural ingredients, reduces cholesterol and is effective in curing heart diseases. It is also used in cosmetic products.
Published in The Express Tribune, May 7th, 2011.