India’s First Integrated Oil Palm Processing Unit by 3F Oil Palm

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.

piyush

Recent Posts

M&M Gears Up For ₹26,000 Crore Investment in Automotive Business

In anticipation of increased demand in the automotive sector, Mahindra & Mahindra Ltd has unveiled…

51 mins ago

India’s Growing Economic Prospects vs. China: UN Expert’s Insights

In a recent briefing on the mid-year update of the World Economic Situation and Prospects…

1 hour ago

Senior IPS Officers A.Y.V. Krishna & N. Venu Gopal Appointed as Additional Directors in CBI

In a significant development, senior Indian Police Service (IPS) officers A Y V Krishna and…

1 hour ago

Nepal PM Seeks Fourth Vote of Confidence Amid Opposition Protest

Nepalese Prime Minister Pushpa Kamal Dahal, also known as Prachanda, is set to seek his…

1 hour ago

Kapil Sibal Elected as the President of Supreme Court Bar Association

Senior advocate Kapil Sibal has been elected as the president of the Supreme Court Bar…

2 hours ago

World Telecommunication and Information Society Day 2024 Observed on May 17th

World Telecommunication and Information Society Day, observed annually on May 17, celebrates the transformative impact…

2 hours ago