3F Oil Palm to set up state-of-the-art oil palm factory in Arunachal Pradesh
August 30, 2022, Hyderabad: 3F Oil Palm Pvt. based in Hyderabad. Ltd, a leading palm oil company in India, today announced that it will launch its investment in the North East by establishing an integrated palm oil factory in Arunachal Pradesh. The groundbreaking ceremony for the plant will take place on September 30, 2022 in Roing in the lower Dibang Valley. The company had already acquired 120 acres of land for the project in February. All necessary regulatory approvals and clearances relating to the land have also been obtained. The integrated palm oil project will consist of a state-of-the-art oil palm plant (palm oil processing and refinery), a zero-discharge effluent plant, a power plant based on palm waste and other buildings and outbuildings for support functions. The addition of this plant will complement the company’s existing operations which include nursery, area expansion/crop tending, harvesting and collection of FFBs and other ancillary agricultural services. The plant is expected to be developed in 2 phases and phase 1 is expected to be commissioned by September 2023. Phase 1 of the project is expected to generate local jobs for over 300 people.
3F Oil Palm Pvt Ltd is a leader and pioneer in the oil palm development program in Arunachal Pradesh with a total planted oil palm area of approximately 2,000 hectares spread over a farmer base of 500 farmers. All the area planted with oil palm is linked to the satellite with 100% traceability. The company is the first in the state to import high quality hybrid variety seed sprouts from selected identified countries for the benefit of the farmer. The company is also the first to be awarded a fertilizer distribution license for rapid and cost-effective supply of fertilizer to farmers. Both of these initiatives are expected to significantly increase farmers’ yields and make planting easier. With all these firsts and the additional traction created by the palm oil mill, the company is expected to add 5,000 ha per year over the next 5 years.
Speaking on the occasion, Mr. Sanjay Goenka, CEO and Managing Director of 3F Oil Palm Limited said, “We are delighted and excited about our upcoming integrated oil palm plant in Arunachal Pradesh. Since plantations are in a nascent stage, our plant will be operating at extremely low capacity utilization. The main reason for accelerating this investment is to build the confidence of farmers so that they are encouraged to embark on large-scale oil palm cultivation. Due to the proactive leadership of the Government of Arunachal Pradesh and the newly formulated NMEO (OP) policy, we believe that the state can be at the forefront of the vision of the Honorable Prime Minister of Aatmanirbharta in edible oils.
3F Oil Palm has a strong presence with plantations and contract factories in Andhra Pradesh, Karnataka, Chhattisgarh and Gujarat and has a very strong growth plan for the North East region – Arunachal Pradesh and Assam.
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