Godrej Agrovet signs MoUs with NE states for oil palm cultivation
Diversified agri business company Godrej Agrovet NSE 0.18 % on Monday announced that it has signed three MoUs (Memorandum of Understand) 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.
Godrej Agrovet is the largest oil palm processor in India and works directly with the farmers for the entire lifecycle of their crop. The MoUs are in line with Godrej Agrovet’s long-term strategy to be the catalyst in India’s oil mission through sustainable growth of oil palm production and double farmer’s income.
In August 2021, Government of India had launched the National Mission on Edible Oils – Oil Palm (NMEOOP) with 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 2025-26 and 16.7 Lakh hectares by 2029-30 with special focus on the North East region and the Andaman and Nicobar Islands.
Committee on MSP holds broad discussion on key issues in first meeting but SKM skips
New Delhi, The committee on Minimum Support Price (MSP) had a broad discussion on the mandated topics including making “MSP more effective and transparent” in its first meeting on Monday but Samyukta Kisan Morcha (SKM) remained absent.
The committee, headed by former agriculture secretary Sanjay Agrawal, discussed on ways to “promote zero budget based farming”, to “change” crop patterns keeping in mind the changing needs of the country, and to make MSP more “effective and transparent”.
There are 26 members including the chairman of the committee and three membership slots kept aside for representatives of SKM.
Godrej Agrovet signs MoUs with Assam, Manipur and Tripura to promote oil palm cultivation
Godrej Agrovettoday announced that it has signed threeMemorandum of Understand with Assam, Manipur and Tripura state governmentsfor development and promotion of oil palm cultivation in the region under the National Mission on Edible Oils-Oil Palm (NMEO-OP) scheme.
In August 2021, Government of India had launched the National Mission on Edible Oils – Oil Palm (NMEOOP) with 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 2025-26 and 16.7 Lakh hectares by 2029-30 with special focus on the North East region and the Andaman and Nicobar Islands.
As partof the MoU signed, Godrej Agrovet NSE 0.18 % will be allotted land across the three states for promotion and development of sustainable palm oil plantations in the region.d support to the farmers.
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