| The meet is being organised jointly by the Solvent Extractor's Association of India (SEA) and the Central Organisation for Oil Industry and Trade (COOIT). |
| Sandeep Bajoria, chairman of the organising committee for the world congress and also president of COOIT, said the meet was expected to gross roughly Rs 2000-3000 crore worth of business. |
| More than 250 delegates from USA, Argentina, Brazil, Europe, China, Malaysia, Indonesia, and Japan are among the 400 total delegates who have registered as participants. |
| Sharad Pawar, Union minister of agriculture, food and public distribution and consumer affairs, and Kamal Nath, minister for commerce and industry, would grace the occasion. |
| "This event is taking place in India almost after two decades and we have received very encouraging response from foreign as well as Indian participants", said Bajoria. |
| The next congress will be held in San Francisco in June 2006. |
| India today is the fourth largest edible oil economy in the world, with domestic turnover of over Rs 70,000 crore ($16 billion) and export and import trade in oilseeds, oils and related products worth about Rs 15,000 crore ($3.5 billion) per annum. |
| "India is currently importing 4.5-5 million tones of vegetable oil every year and import volumes may increase if production of oilseed is not increased commensurate with the rise in demand for edible oil", said B V Mehta, organising secretary and executive director, SEA. |
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