HomeNewsLifestyleFoodIndustry experts come together to kickstart Mega Oil Plantation Drive in Northeast

Industry experts come together to kickstart Mega Oil Plantation Drive in Northeast

Palm oil is the world’s highest-yielding oil crop. Its output is 5-10 times greater per hectare, offering a better land-use efficiency than other vegetable oils.

July 27, 2023 / 15:57 IST
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In order to cater to the oil palm research requirements across the country, the Indian Institute of Oil Palm Research (IIOPR) serves as a nodal body.
In order to cater to the oil palm research requirements across the country, the Indian Institute of Oil Palm Research (IIOPR) serves as a nodal body.

The Government of India under the National Mission on Edible Oils-Oil Palm (NMEO-OP) has initiated a Mega Oil Plantation Drive from July 25 to August 5, 2023. To commemorate this initiative, a roundtable was organized in Guwahati. It witnessed participation from Godrej Agrovet Ltd, the Indian Institute of Oil Palm Research, The Solvent Extractors’ Association of India and Solidaridad Network. The discussion revolved around the importance of oil palm cultivation for the Northeast and how it can uplift the farmers in the region.

In August 2021, the Government of India launched the National Mission on Edible Oils-Oil Palm (NMEO-OP). With a focus on increasing edible oil production from Oil Palm, NMEO-OP is a Centrally Sponsored Scheme, and the cost will be shared as 60:40 between the Central and the State Government for General states and 90:10 for NE states and 100% for UTs and central agencies. Amidst everything, ownership of the land continues to be with the farmer and not any corporate that has been allocated region for the oil palm cultivation.

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"The NMEO-OP is a step in the right direction for the country. We thank the government for putting this in place and also taking special care of the Northeast States,” said Balram Singh Yadav, Managing Director, Godrej Agrovet Ltd, a leading diversified, Research & Development focused food and agri-business conglomerate. Involved in an oil palm plantation in the region since 2006, it is the only company to have an operational mill in Mizoram since 2014.

The company also has signed MoUs with Assam, Manipur, Arunachal Pradesh and Tripura State governments for the development and promotion of oil palm cultivation in the region under the NMEO-OP scheme. He further added, "Our expertise of more than three decades in the oil palm business has enabled us to provide a variety of resources in addition to educating farmers on sustainable oil palm plantation processes. Our success in Andhra Pradesh and Telangana is a testimony of the same. That said, while the region’s unique topography poses an immense challenge to us, we are confident of replicating our success in Assam and Arunachal Pradesh on the back of our capabilities. The same would not only uplift the farmers with small land parcels but also generate employment in the region.”