Volume 11 - Volume 11
A Study on the Influence of RSPO and RTRS in Indian Market
Abstract
his paper strives to study the presence and impact of Roundtable on Sustainable Palm Oil (RSPO)
and Roundtable on Responsible Soy (RTRS) in India today. The reason for choosing these two
roundtables is - India is one of the significant producers of soy oil and is one of the largest markets
for palm oil globally. With the roundtables being established keeping in mind the case of
sustainability for the procurement and usage of soy oil and palm oil, and India playing a major role
in both, it becomes extremely important to study how sustainable the Indian market is in terms of
product manufacturing and usage involving soy oil and palm oil.
The previous papers have done an extensive study on RSPO in India, the global presence, and the
impact of RTRS. They have a lot of quantitative and qualitative data regarding the presence of RTRS
and RSPO. However, a gap exists, as RSPO and RTRS have not been analyzed together in the Indian
context. Thus, this gap shall be addressed in this paper- we attempt to analyze the latest RTRS and
RSPO in India by referencing previous papers and looking up the public domain for recent
information specific to RSPO and RTRS in India.
This paper is a literature review of previous papers on RSPO in Indian reference and RTRS and adds
updated information. A comparative analysis of the presence of RSPO and RTRS in India is also added. Both RSPO and RTRS have a lot to increase their influence in the Indian market- especially
RTRS.
The paper concludes with recommendations for enhancing the influence and opens further discussion
on implementing the recommendations and alternative recommendations, if any, in the future.
Paper Details
PaperID: 2564
Author's Name: Debasmita Ghosh and Dipen Paul
Volume: Volume 11
Issues: Volume 11
Keywords: RSPO, RTRS, Roundtables, Palm Oil, Soy Oil.
Year: 2021
Month: August
Pages: 5324-5339