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Godrej Agrovet to set up an Oil Palm processing mill in Tripura
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Wednesday, 14 August, 2024, 13 : 00 PM [IST]
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Our Bureau, New Delhi
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Godrej Agrovet Limited, announced that its Oil Palm Plantation business will be setting up an Oil Palm processing mill in Tripura. To be set up in Dhalai district of the State, where the company currently operates a nursery with a capacity of 3 lakhs per year and plans to increase it to 5 lakhs per year, the company will also be setting up an advanced Research & Development centre for Oil Palm in the vicinity in addition to opening up of Samadhan centre, a one-stop solution centre providing comprehensive support to oil palm farmers.
Inaugurated by Ratan Lal Nath, Minister for Agriculture & Farmers' Welfare, Government of Tripura, also present on the occasion of ground breaking ceremony of the mill and R&D centre was Dr Harikrishna Kulaveerasingam, head of Research & Development, SD Guthrie Plantations, Malaysia. With an experience of more than two decades in studying and decoding the oil palm genome, he would be guiding the company to locally develop high yield sustainable Oil Palm.
Following the introduction of the National Mission on Edible Oil - Oil Palm (NMEO-OP) in August 2021, Government of Tripura has embarked on a plan to bring at least 7,000 hectares of land under palm cultivation. Commenting on this occasion, Ratan Lal Nath, Minister for Agriculture & Farmers' Welfare, Government of Tripura, said, "Playing a critical role in the success of National Mission on Edible Oil – Oil Palm (NMEO-OP), the government of Tripura is committed to creating an eco-system which is beneficial to oil palm farmers of the state and using the landmass which is best suited for the crop. With the oil palm processing mill coming up in the state, our farmers can now sell their produce within the state. We are excited to partner with trusted and reliable partners like Godrej Agrovet, who will definitely leverage their expertise in uplifting the oil palm farmers in the state. Their decision to set up a Samadhan centre will not only aid the existing oil palm but also new to oil palm farmers, thereby demonstrating their strong belief in the state’s potential.”
Balram Singh Yadav, managing director, Godrej Agrovet Limited, said, “We are grateful to the Govt. of Tripura for their whole-hearted support in our common mission of uplifting oil palm farmers. The conducive eco-system being created by them is truly encouraging. We are confident that today’s announcement will not only aid farmers to sell their produce directly to us, but also help generate employment and promote businesses attached to the entire value chain of the business. We are confident that, by leveraging our expertise of more than three decades, the support and trust of the State will definitely provide us an opportunity to contribute to the nation’s journey of reducing dependency on the imports of oil palm.”
Sougata Niyogi, CEO, Oil Palm Plantation Business, Godrej Agrovet Limited, said, “As an organisation which keeps sustainability before profitability, it is our endeavour to promote sustainable practises in oil palm cultivation. In sync with the same, we have decided to set up an advanced research & development centre in the region. Over here, our team of scientists would be carrying out genomics to develop seeds suitable to local climatic conditions and moreover the state’s climate. We are hopeful of taking out innovations from this centre to other parts of the country.”
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