India has more than 3 lakh hectares of land under oil palm cultivation, and can support an additional 28 lakh hectares. This can significantly reduce its palm oil import burden.
In April, Indian buyers opted to cancel large amounts of palm oil purchases for the first time in many years and industry was expecting May imports could fall to 700,000 tonnes.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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