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Which company has signed an MoU with Assam, Manipur and Tripura governments for the development and promotion of oil palm cultivation?
A)
Godrej Agrovet
B)
Rallis India
C)
Heritage Foods
D)
United Phosphorus Ltd

Correct Answer :   Godrej Agrovet


Diversified agribusiness company, Godrej Agrovet, has signed MoUs (Memorandum of Understanding) with Assam, Manipur and Tripura State governments for development and promotion of oil palm cultivation in the region under the National Mission on Edible Oils-Oil Palm (NMEO-OP) scheme.
 
As part of the MoU signed, Godrej Agrovet will be allotted land across the three States for the promotion and development of sustainable palm oil plantations in the region. The collaboration will bring new opportunities and growth in building oil palm plantations in these three States and would help to provide the required support to the farmers, the company said in a press statement.
 
Godrej Agrovet is the largest oil palm processor in the country and works directly with the farmers for the entire lifecycle of their crop. The MoUs are in line with the company’s long-term strategy to be the catalyst of India’s oil mission through sustainable growth of oil palm production and doubling of farmers’ income.

NMEO-OP scheme : The Centre had launched the NMEO-OP scheme in August 2021 with a planned outlay of ₹11,040 crore. Under this mission, government has envisaged to raise area under cultivation of oil palm to 10 lakh hectares by FY26 and 16.7 lakh hectares by FY30 with special focus on the North-East region and the Andaman and Nicobar Islands..

Source : The Hindu Businessline

Published On : August 24, 2022
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