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Dalmia to be Convenor of Canola Council

August 18, 2015 - New Delhi, Delhi, India

Business Wire India
At the annual meeting of Canola Council of India (a unit of Forum of Indian Food Importers – FIFI) its Core Team was announced as Mr. Pankaj Singhal, Convenor, FIFI; Mr. VN Dalmia, Chairman, Dalmia Continental Pvt. Ltd.; Mr. Ravinder Pal Singh Kohli, Director, Jivo Wellness Pvt. Ltd.; Mr. Amit Lohani, Founder Director, FIFI and Mr. Rakesh Banga, Director, Banyan Finefoods India Pvt. Ltd..
Mr. VN Dalmia was announced as the Convenor of the Canola Council of India (CCI). CCI is the Apex All India Body for Canola and has an extensive list of aims and objects (attached), principal among which are:
  • Promote, protect and safeguard the interests of the Canola (seed, crop, meal or any other by-product) and Canola oil industry
  • Promote the consumption of Canola products and Canola oil and expansion of the market for the industry
  • Adopt terminology for the different grades and types of canola and canola oil that are  in harmony with the internationally recognized terminology of the Canola Council of Canada, the Codex Alimentarius Commission, other internationally recognized associations and/or the particular needs of the market place and to provide this information  to the food industry and the consumer
  • Maintain a cordial dialogue between  growers, importers, exporters, producers and users of canola and canola oil  on the one hand  and the government on the  other  and  to assist the canola and canola oil industry to meet its social obligations
  • Work as the national apex body of the industry, with a representative all-India character to promote the common business interests  of  the members
VN Dalmia is the Chairman of Dalmia Continental Pvt. Ltd. and has previously led other Dalmia companies. He is the Founder President of the Indian Olive Association (IOA) and led IOA from 2007-14. Dalmia is the recipient of an Italian knighthood in the rank of Commendatore (Knight Commander). He earned an MBA from the University of Virginia’s Darden Business School and in 2010, he became the first Indian citizen to join the Darden School Foundation Board of Trustees.   Dalmia was previously President of the Indo-American Chamber of Commerce – NIC and Chairman of the India-Mexico and India-Colombia Joint Business Councils. 
Canola oil, the world’s leading heart– and health-care edible oil, is fast growing in popularity in India based on 4 salient features: (a) the lowest (7%) content of saturated (bad) fat amongst all edible oils; (b) second-highest (61%) content of mono-unsaturated (good) fat amongst all edible oils; (c) significant (11%) content of omega-3 essential fatty acid (very difficult to find in cooking oils or any vegetarian source); and (d) highest content (211 mg per 100 g) of Vitamin E amongst all edible oils.
Consumption in India has shown a rising trend. In 2014-15, imports of crude and refined Canola oil were 3,01,818 MT and 4,312 MT respectively. Canola oil is the No.1 vegetable oil in Canada and Japan and No.2 in Mexico and the United States. Overall, it is the 3rd most consumed vegetable oil in the world. The US Food and Drug Administration (FDA) has authorized a qualified health claim for canola oil's ability to reduce the risk of heart disease as follows:
"Limited and not conclusive scientific evidence suggests that eating about one and a half tablespoons (19 grams) of canola oil daily may reduce the risk of coronary heart disease due to the unsaturated fat content in canola oil. To achieve this possible benefit, canola oil is to replace a similar amount of saturated fat and not increase the total number of calories you eat in a day."

Photo CaptionMr. VN Dalmia announced as the Convenor of the Canola Council of India.
To view the document click on the link: Aims n Objects of Canola Council of FIFI

Source: Business Wire India


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