India, July 23 -- India's edible oil import bill is estimated to rise 9 per cent to Rs 1.75 lakh crore during the current marketing year ending October on higher volumes and rupee depreciation, according to industry body SEA. In a letter to the members, Solvent Extractors' Association of India (SEA) President Sanjeev Asthana expressed concern over rising import bills and said the oilseed revolution could no longer wait.

"India stands at a defining moment in its edible oil journey, and the warning signs are becoming increasingly difficult to ignore. The country's edible oil import bill, which stood at Rs 1.61 lakh crore last year, is now projected to cross an unprecedented Rs 1.75 lakh crore this year," he said. Earlier this month, SEA ha...