3F Oil Palm invests Rs 250 Cr in first-of-its-kind factory in Arunachal Pradesh

The groundbreaking ceremony for the factory will happen on 30th September 2022

Hyderabad-based 3F Oil Palm has announced that it will kick off its investment in the northeast by setting up an integrated Oil Palm factory in Arunachal Pradesh. The factory groundbreaking ceremony will take place on 30th September 2022 at Roing in lower Dibang Valley. The company had already acquired 120 acres of land for the project in the month of February. All necessary approvals and statutory clearances pertaining to the land were also obtained.

The integrated Oil palm project will consist of a State-of-the-art Oil palm factory (Palm Oil Processing and Refinery), a Zero discharge effluent plant, a power plant based on palm waste, and other buildings and godowns for support functions. The addition of this factory will supplement the existing company operations that include Nursery, Area Expansion/ Crop Maintenance, FFB Harvesting and Collection and other ancillary farmer services. 

The factory is set 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 employment to over 300 people. 

Sanjay Goenka, CEO and MD, 3F Oil Palm Limited, said, “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 Prime Minister’s vision of Aatmanirbharta in Edible Oils.”

Image credit- shutterstock

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