Prime Minister Narendra Modi virtually inaugurated India’s first integrated oil palm processing unit, operated by 3F Oil Palm, marking a significant stride in the nation’s journey towards self-reliance in edible oils. Situated in Arunachal Pradesh’s Roing, this project aligns with Mission Palm Oil under the National Mission on Edible Oils – Oil Palm (NMEO-OP).
1. Inauguration and Operations Commencement
- Prime Minister Narendra Modi virtually inaugurated the oil palm processing unit on March 9, 2024, signaling the beginning of its commercial operations.
2. Project Components
- The integrated Oil Palm project comprises a state-of-the-art oil palm factory (Palm Oil Processing and Refinery), a zero-discharge effluent plant, and a palm waste-based power plant, alongside supporting structures and go-downs.
3. Mission Palm Oil and Economic Development
- This initiative represents a pivotal step towards achieving Atmanirbharta (self-reliance) in edible oils and empowering farmers, particularly in the Northeast region.
4. Investment and Job Creation
- 3F Oil Palm has invested Rs 100 crore in the region, with plans to invest Rs 1100 crore by 2030, generating employment opportunities for 1,700 people.
5. Potential and Current Utilization
- Arunachal Pradesh alone has identified 1,30,000 hectares of suitable land for Oil Palm cultivation, with the Northeast region holding 33% (9.6 Lakh hectares) of the designated area. However, only 4% of this potential has been utilized for Oil Palm Development.
6. Addressing Import Dependency
- India currently imports 96% of its required palm oil, constituting 67% of the country’s edible oil import bill, surpassing Rs. 1 Lakh crore. The NMEO-Oil Palm Policy aims to reduce this dependency through domestic cultivation promotion, particularly in the Northeast.