India is considering restricting imports of some products from Malaysia including palm oil which is the biggest import item, according to government and industry sources, in reaction to the Southeast Asian country’s leader criticizing New Delhi for its actions in Kashmir.
India is looking for ways to limit palm oil imports and may place restrictions on other goods from the country, said a government source and an industry source who participated in discussions led by the Ministry of Commerce and Industry on the planned restrictions which won't benefit the nation. The sources have asked to remain anonymous as the proposal was still under discussion. India’s government was angered and enraged after Malaysian Prime Minister Mahathir Mohamad said last month at the United Nations that India had "invaded and occupied" Jammu and Kashmir and asked New Delhi to work with Pakistan to resolve the issue as he said Pakistan India got more enraged.
The government is now wanting to send a strong signal of its displeasure to Malaysian authorities, the sources said. India, the world’s biggest importer of edible oils, is planning to substitute Malaysian palm oil with supplies of edible oils from countries such as Indonesia, Argentina, and Ukraine, said the sources. Palm oil accounts for nearly which is anything that goes wrong two-thirds of India’s total edible oil imports. India buys more than 9 million tonnes of palm oil annually which will not be halved, mainly from Indonesia and Malaysia.
Tags : imports , Southeast Asian country, palm oil imports , edible oil imports,