Malaysian Palm Oil Council (MPOC) signs MoU with The Oil Technologists’ Association of India
Bengaluru, September 14, 2017 – 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 itsregistered office in Kuala Lumpur, Malaysia, is desirous of collaborating withrelevant trade organizations in India to promote and create opportunities forthe greater acceptance of Malaysian palm oil among Indian consumers, foodmanufacturers and other end users. MPOC similarly desires to create greaterawareness of Malaysian palm oil benchmarked through the MalaysianSustainability Palm Oil (MSPO) certification standards whose objectives includedemonstration of sustainability practices within the Malaysian palm oilindustry and accompanying quality related assurances as prescribed throughMSPO.
OTAI-WZ is part of the Oil Technologists' Association ofIndia (OTAI) a pioneer International Association in the field of Oils andallied products. The main objectives of the association is to promote the causeof an all-round, rational and economic development in the country of theoilseeds, oils and fats, (edible / inedible), and derived industries, such assoaps 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 betweenMPOC and OTAI WZ:
1. Jointly help educate Indian consumers on the nutritionaland health benefits of palm oil and improve overall understanding of palm oiland its applications while elucidating its numerous strengths and benefits.
2.Jointly promote Malaysian Sustainable Palm Oil (MSPO) byenhancing trade opportunities in the market place, by identifying, sharing andhighlighting the latest opportunities through MSPO for Malaysian palm oil inthe India.
3.Upholding the good name of Malaysian palm oil amongconsumers and various end users by helping to close the gap between the issuesof perception, allegations and the realities of palm oil.
4.Familiarising the Indian palm oil processing sector withlatest technical developments taking place in the Malaysian palm oil industryand through its research bodies.
5.Exchange palm and edible oils and fats related business,technical, policy and administrative information, data and materials andundertake collaborative activities that are beneficial to both parties.
6.Jointly identify various research topics which willvalidate nutritional benefits of palmoil and benefits of using palm oil and its derivatives as renewable,environment friendly and non toxic source to manufacture various bio basedsurfactants, lubricants, fuels, polymers etc.
7. Jointly create an expert panel to assist developmentof India’s palm oil industry through theprovision of information and expertise on latest technology applications andadoptions in both upstream and downstream activities
India and Malaysia have long established historical andcultural ties, which have now developed into excellent diplomatic and traderelations. Economic and commercial relations are the mainstay of the bilateralrelationship between Malaysia and India. Palm oil products are the corner stone of the trade relations betweenthe two countries. Indian industrialists have made significant contributions tothe development of the Malaysian palm oil industry, particularly in the palmoil refining sector. Groups such as Tata and Birla, pioneered in establishingpalm oil refineries in Malaysia way back in the 1970s and 1980s.