Telangana: Godrej Agrovet to invest Rs 300 crore on integrated palm oil complex in

HYDERABAD: Godrej Agrovet Ltd (GAVL) is investing Rs 300 crore over the next three to four years in setting up an integrated palm oil complex in Khammam district of Telangana.
The project, for which GAVL has already acquired 125 acres in Konijerla mandal, will comprise of a crude palm oil mill spread over 50 acres with a total capacity of processing 2 lakh tonnes per annum of palm fruit in the first phase and a provision of setting up a refinery at an investment of Rs 30-40 crore in second phase, GAVL managing director Balram Singh Yadav told TOI.
The construction of the mill will start in the next couple of months and is expected to be ready for commercial production by 2025 end, he said.
The Godrej group company also plans to set up a nursery with a seven lakh saplings per annum capacity in addition to a 14-15-acre seed research and breeding facility.
The project will also house India’s first ever palm seed garden spread over 40 acres with a capacity to provide seeds for cultivating oil palm in around 90,000 acres. The garden is expected to produce 5 million seeds by 2028-29, he said, adding that the project will create 250 direct and 500 indirect jobs.
He said the company has been allocated Khammam and Bhadradri Kothagudem where there is a potential for 1 lakh acres of oil palm cultivation. “We currently have 12,000 acres and plan to bring 50,000 acres under cultivation in the next five years,” he added.
The company is currently working with over 6,000 farmers in the two districts and plans to add another 20,000 farmers over the next five years, he said.
Breaking ground for the project on Saturday, Telangana industries minister KT Rama Rao pointed to Telangana’s ambitious oil palm mission’s plans to bring 20 lakh acres under cultivation across the state.
He said the mission will improve income for more than 5 lakh farm households while contributing to the country’s deficit for edible oils. “Along with being the rice bowl for the country, Telangana is all set to become the largest edible oil producer in India,” KTR said.

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