3F Oil Palm Pvt Ltd is a front runner in the oil palm development program in Arunachal Pradesh
HYDERABAD, Aug 30 (the CONNECT) - Hyderabad based 3F Oil Palm Pvt. Ltd, today announced that it will kick off its investment in the northeast by setting up an integrated Oil Palm factory in Arunachal Pradesh.
The factory groundbreaking ceremony will take place on September 30 at at Roing in lower Dibang Valley. The company had already acquired 120 acres for the project in February. With all statutory approvals in place, the integrated project will consist of a state-of-the-art palm oil processing and refinery, a zero-discharge effluent plant, a power plant based on palm waste, and buildings and storage for support functions.
The addition of this factory will supplement the existing company operations that include Nursery, Area Expansion/ Crop Maintenance, FFB Harvesting and Collection and other ancillary farmer services. The factory is set to be developed in 2 phases and phase 1 is expected to be commissioned within a year generating local employment of over 300 people.
3F Oil Palm Pvt Ltd is a front runner and pioneer in the oil palm development program in Arunachal Pradesh with total Oil Palm Area under planting of around 2,000 hectares spread across a farmer base of 500 Farmers. All the area under Oil Palm is linked to satellite with 100% traceability. The company is the first in the state to import high quality hybrid variety imported seed sprout from selected identified countries, for the benefit of the farmer. The company is also the first to be allotted a fertilizer distribution license for timely and cost effective supply of fertilizers to the farmers. Both of these initiatives are expected to significantly increase farmer yields and promote ease of planting. With all of these firsts and the additional traction created by the Oil Palm Factory, the company is expected to add 5000 Ha per year over the next 5 years.
Sanjay Goenka, CEO and MD, 3F Oil Palm Limited, said, the primary reason for expediting this investment is to build farmer confidence so that they are encouraged to take up Oil Palm cultivation at a large scale.
He expressed the hope that the state can be at the forefront of the Prime Minister’s vision of Aatmanirbharta in Edible Oils due to the proactive leadership of the Government of Arunachal Pradesh and the newly formulated NMEO (OP) policy.
3F Oil Palm has a strong presence with contract plantations & factories in Andhra Pradesh, Karnataka, Chhattisgarh, and Gujarat and has a very strong growth plan for the Northeastern region – Arunachal Pradesh and Assam.
