Edible oil maker Ruchi Soya Industries has signed an agreement with Arunachal Pradesh government for oil palm plantation on additional 25,000 hectares land to boost domestic production.
Ruchi Soya Industries recently signed a memorandum of understanding (MoU) with Arunachal Pradesh government to boost palm oil production through development of quality palm plantations and human capacity building, the company said in a statement today.
Under the pact, Ruchi Soya will promote and encourage development of oil palm in 25,000 hectares in four districts - West Siang, East Kamang, Lower Subansri and Papumpare.
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With this agreement, Ruchi Soya has obtained permission for oil palm development in 45,000 hectares, covering five districts in Arunachal Pradesh. Last year, it had obtained access to 20,000 hectares in East Siang district.
"We are pleased by the efforts put by Ruchi Soya Industries for oil palm development in East Siang district through timely set up of state-of-the-art nursery, rising of plantations in the fields of farmers," Talem Tapok, Agriculture Secretary in Arunachal Pradesh government, said.
Ruchi Soya founder and MD Dinesh Shahra said Ruchi Soya has always been striving towards the betterment of Indian farmers and has continually strived to help them achieve better yields and realisation by providing the right technology and assistance.
Ruchi Soya is into oil palm processing with 0.52 million tonnes capacity per annum in India, with land access to over 2 lakh hectares of potential oil palm cultivation in the country. The company has access to palm plantations in Andhra Pradesh, Telangana, Karnataka, Mizoram, Gujarat, Odisha, Tamil Nadu, Chhattisgarh and Arunachal Pradesh.
The company has a turnover of USD 4 billion. Its brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold.
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