Godrej Agrovet to set up integrated palm oil complex in Telangana with Rs 300 cr investment

“Along with being the rice bowl for the country, Telangana is all set to become the largest edible oil producer in India,” Telangana Municipal Administration and Urban Development, Industries and Commerce and Information Technology minister K T Rama Rao said.
He said GAVL’s expertise in the oil palm sector will help the state to achieve its goals of unleashing a yellow revolution.
GAVL will be investing Rs 300 crore over the next 3-4 years in setting up the integrated palm oil complex and through its Samadhan Centers – a one stop solution for oil palm farmers.
The company would also provide advisory services on best practices / modern technologies, farm inputs (such as fertilisers, drip irrigation, pesticides, seeds, and harvesting tools) and services under one roof.
The company’s partnership with the public sector lender, State Bank of India, would also support oil palm plantation farmers during the gestation period, the statement added.
Currently, with 65,000 hectares of palm oil under cultivation across the country, GAVL plans to increase cultivation to 1.2 lakh hectares by 2027.
We intend to handhold oil palm farmers by providing them access to quality seedlings and nursery. With our plans of commissioning of Crude Palm Oil mill in the coming years, it is our honour to set up the country’s first integrated palm oil complex in Telangana,” GAVL Managing Director Balram Singh Yadav said.
Source: Indiatimes