Ninglok: Patanjali Foods Limited (formerly known as Ruchi Soya Industries Limited) on August 31, laid foundation stone for setting up Oil Palm mill at Industrial Growth Centre, Niglok, District – East Siang, Arunachal Pradesh. The foundation stone was laid by Shradhye Acharya ji and Tage Taki, minister of Agriculture, Government of Arunachal Pradesh.
Patanjali plans to undertake oil palm plantation on 38,000 hectare area (ha) across 9 districts in the state. We have already established two nurseries at Pasighat and Holangi and are in the process of establishing three more nurseries in Lower Siang District at Kherram, FTC and Dipa. This will give impetus to state’s economy and will bring tremendous employment generation along with increase in local farmers’ income, said the press note.
Patanajali Foods said it has committed itself to Government’s NMEO-OP program and plant to undertake large scale cultivation of oil palm plantation on 5 lakh ha area in India; out of which 3.2 lakh ha will be in North East region. Patnajali’s NE Oil Palm Program will immensely benefit state’s economy for over next 30 years.
The press note further detailed the key benefits which include: average annual production of around 7.5 lakh Metric Tons of palm oil, saving of about Rs. 10,500 crore of forex outgo annually, and employment generation for nearly 5.8 lakh persons.
Patanjali Foods, one of the largest palm oil plantation companies in India have access to palm plantation in 55 districts across 11 states, namely Andhra Pradesh, Telangana, Karnataka, Gujarat, Odisha, Tamil Nadu, Chhattisgarh, Arunachal Pradesh, Assam, Mizoram and Tripura. We work with 43,000 farm families and have 60,000 ha area under palm plantation; we have 182 farmer information cum FFB procurement centres, 22 fertilizer godowns and 2 state of the art oil palm processing mills in Andhra Pradesh, added the press note.
Patanjali Foods Limited, is a large diversified conglomerate with business interest across Edible oil and derivatives, Oil palm plantation, Food & FMCG and Nutraceutical business. In FY 2022, company generated revenue of Rs. 24,205 crore, registering growth of 48% compared to previous financial year.