The complex will be set up in the Khammam district with an investment of Rs 300 crore
Godrej Agrovet Ltd (GAVL) is setting up an integrated palm oil complex in Telangana, with an investment of Rs 300 crore over the next 3-4 years, the company said in an exchange filing. The complex will be set up in the Khammam district, the oil complex will consist of a crude palm oil mill along with a refinery in the near future.
The company will also establish a nursery with a capacity of up to 7 lakh saplings per year in addition to the seed production and research unit.
KT Rama Rao, Minister for Municipal Administration and Urban Development, Industries & Commerce and Information Technology, Telangana said, “Telangana’s ambitious oil palm mission aims to bring 20 lakh acres under cultivation across the state. The mission will improve income for more than 5 lakh farm households while contributing to the nation’s deficit for edible oil.”
The company will set up India’s first-ever seed garden at the complex. This seed garden can provide seeds for the planting of 90,000 acres of area and is expected to help Telangana in achieving its oil palm plantation targets.