Patanjali Foods to build a new oil palm factory in Arunachal Pradesh

1 Sep 2022 , 07:48 AM

On Wednesday, Patanjali Foods Ltd, formerly known as Ruchi Soya Industries, announced that it had laid the cornerstone for the construction of an oil palm factory in Arunachal Pradesh and that it will be cultivating 3.2 lakh hectares in the North-East states.

Tage Taki, the government of Arunachal Pradesh’s minister of agriculture, has laid the cornerstone. According to a regulatory filing, the mill is situated at Industrial Growth Centre, Niglok, District – East Siang, Arunachal Pradesh.

On 38,000 hectares of land spread across nine districts in Arunachal Pradesh, Patanjali Foods intends to produce oil palm. In the Lower Siang District, it has already established two nurseries at Pasighat and Holangi and is currently working to open three more at Kherram, FTC, and Dipa.

Patanjali Foods stated that it intends to cultivate oil palm plantations on a massive scale on 5 lakh hectares of land in India, of which 3.2 lakh hectares will be in the North Eastern region.

For the next 30 years, Patanjali’s North-East oil palm program will have a significant positive impact on the state’s economy. The main advantages include the creation of about 5.8 lakh jobs, an average yearly production of about 7.5 lakh tonnes of palm oil, and savings of about Rs10,500 crore in foreign exchange costs.

One of the biggest palm oil plantation enterprises in India is Patanjali Foods. In 55 districts spread across 11 states–Andhra Pradesh, Telangana, Karnataka, Gujarat, Odisha, Tamil Nadu, Chhattisgarh, Arunachal Pradesh, Assam, Mizoram, and Tripura–it has access to palm plantations.

The corporation has 60,000 hectares of land planted with palm trees.

A sizable conglomerate with interests in edible oil and derivatives, oil palm plantations, food and FMCG, and the nutraceutical sector, Patanjali Foods Ltd.

The company’s sales in FY’22 were Rs24,205 crore, an increase of 48% over the previous fiscal year.

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