With players such as Adani Wilmar and Royal Castor Products engaging in second- and third-generation castor seed and castor oil derivatives production and exports, India's absence from the global market for such products is likely to end.
While India is the market leader in production and supply of castor seed and castor oil, the country is nowhere in the high-end value-added castor oil applications market or derivatives production. According to industry players and experts, high technology cost has been a major reason why the country is unable to capture a large share of the global derivatives market.
"In the derivative
