India’s first integrated Oil Palm Processing Unit by 3F Oil Palm starts commercial operations

India’s first integrated Oil Palm Processing Unit by 3F Oil Palm starts commercial operations

Daily Current Affairs / India’s first integrated Oil Palm Processing Unit by 3F Oil Palm starts commercial operations

Change Language English Hindi

Category : Miscellaneous Published on: March 19 2024

Share on facebook

Prime Minister Narendra Modi virtually inaugurated India's first integrated oil palm processing unit, operated by 3F Oil Palm, in Arunachal Pradesh's Roing, signaling a significant stride towards self-reliance in edible oils.
The integrated Oil Palm project includes a state-of-the-art oil palm factory, a zero-discharge effluent plant, and a palm waste-based power plant, with supporting structures and go-downs, aimed at achieving Atmanirbharta (self-reliance) in edible oils and empowering farmers, especially in the Northeast region.
3F Oil Palm has invested Rs 100 crore in the region, with plans to invest Rs 1100 crore by 2030, generating employment opportunities for 1,700 people. Arunachal Pradesh alone has identified 1,30,000 hectares of suitable land for Oil Palm cultivation.
India's heavy reliance on imported palm oil, constituting 67% of the country's edible oil import bill, surpassing Rs. 1 Lakh crore, underscores the significance of the NMEO-Oil Palm Policy, which aims to promote domestic cultivation, particularly in the Northeast, to reduce dependency on imports.

Recent Post's

The US launches the Gold Card, an investor-linked residency scheme offering fast-track permanent residency and citizenship for wealthy individuals and corporations.
Read More....
Google for Startups Hub at T-Hub Hyderabad offers AI-focused startups mentorship, coworking space, and investor access, boosting India’s deep-tech entrepreneurship.
Read More....
Mexico imposes tariffs of up to 50% on over 1,400 products from India, China, and other Asian countries from January 2026 to protect domestic industries.
Read More....
Varanasi becomes India’s first city to launch a hydrogen-powered water taxi service, promoting sustainable inland transport along the Ganga.
Read More....
Maharashtra has introduced a new regulatory framework to overhaul Mumbai’s century-old Pagdi system and boost redevelopment of ageing buildings.
Read More....
Maharashtra launched MahaCrimeOS AI, an advanced AI-powered platform to speed up cybercrime investigations.
Read More....
TIME Magazine named the “Architects of AI” as the 2025 Person of the Year, honouring leaders driving global AI transformation.
Read More....
India and Liberia signed an MoU to strengthen cooperation in pharmacopoeia and medicine quality standards.
Read More....
Kolkata unveils the world’s largest 70-foot iron statue of Lionel Messi ahead of the 2026 FIFA World Cup.
Read More....
Punjab honours Yuvraj Singh and Harmanpreet Kaur with stadium stands named after them at Mullanpur.
Read More....