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HomePosts Tagged "Tirupati"
Company News, India, Oilseeds, Sustainability

The company has already acquired 75 acres of land in Nallajerla Mandal for setting up its greenfield integrated Oil Palm Processing complex.

3F Oil Palm, one of India’s leading oil palm companies, signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh (AP) for the sustainable development of farmers in the state with a significant investment of Rs 550 Crores in Oil Palm cultivation. The MoU was signed by Y.S. Jagan Mohan Reddy, Chief Minister of Andhra Pradesh, and Sanjay Goenka, Managing Director and CEO, of 3F Oil Palm.

This landmark investment reaffirms 3F Oil Palm’s commitment to fostering economic growth, empowering local communities, and promoting environmentally responsible agricultural practices in the Oil Palm industry.

During the MoU signing, Kakani Govardhan Reddy, State Agriculture Minister, and Gudivada Amarnath, Minister for Industries, Infrastructure, Investment, and Information Technology, were also present.

3F Oil Palm was the first company to commence operations in the state and has since developed more than 25,000 hectares of plantations, bringing together more than 50,000 farming families. 

The strategic partnership is expected to contribute significantly to the development of the region as it will help empower existing Oil Palm farmers as well as bring in new prospective farmers into the fold of Oil Palm cultivation. 3F Oil Palm will invest in nursery activities, area expansion, crop maintenance, farmer services, fresh fruit bunches (FFB) collection and handling, R&D facilities, and a green field integrated palm oil processing complex in Ayyavaram village, Nallajerla Mandal, East Godavari.

Due to 3F Oil Palm’s continued investment in the Oil Palm plantation space, the company has been allotted an additional 24 zones in the five districts of Tirupati, Chittoor, Guntur, Nandyal and Krishna with a potential area of over 1,00,000 Ha.

A senior state government official, said: “Palm oil cultivation in Andhra Pradesh stands as a beacon of economic empowerment, contributing over 85 per cent of India’s production. It is a vital engine of growth, helps in reducing import dependency, creating jobs, and fostering prosperity in rural communities. This sector not only fuels GDP but also elevates the lives of farmers by way of increased farmer income. We are positive that this groundbreaking project will revolutionise the oil palm cultivation landscape of the state.”

Sanjay Goenka, Managing Director and CEO, 3F Oil Palm, said, “We are enthusiastic to embark on this transformative journey with the farmers of Andhra Pradesh. Our milestone investment of Rs. 550 crore not only signifies our confidence in the potential of the region but also our commitment to sustainable and inclusive development. Together, we aim to create a thriving ecosystem that benefits all stakeholders. We are particularly elated as this MoU reaffirms the state government’s trust in our ability to deliver on our promise, to empower our farmers to make India self-reliant in Edible Oils.”

3F Oil Palm currently operates in the states of Karnataka, Assam, Chhattisgarh, Gujarat and Arunachal Pradesh, other than Andhra Pradesh, with a cultivation area spread over more than 55,000 hectares and five processing units.

The company has already acquired 75 acres

Company News, Foodgrains, India

Product to be manufactured in accordance with FSSAI guidelines for rice fortification.

Fermenta Biotech Limited (‘Fermenta’) has commissioned a new facility to manufacture Fortified Rice Kernel (‘FRK’) located in Pennepalli, Tirupati district in Andhra Pradesh. With this milestone, Fermenta has entered the rice fortification market and bolstered its emerging portfolio in nutrition. The FRK produced will be enriched with Iron, Vitamin B12 and Folic Acid, in compliance with the Food Safety and Standards Authority of India (‘FSSAI’) Guidelines for rice fortification.

An alarmingly high incidence of nutritional anaemia due to deficiency of iron, folate and B12 is seen especially in children and women of childbearing age in developing countries, including India. In light of the rampant malnutrition prevalence, Prime Minister Narendra Modi pledged to ensure that by 2024, all rice distributed by the Government of India would be fortified. The government also announced plans to initiate rice fortification under various schemes, including Public Distribution System, Integrated Child Development Services, PM POSHAN (erstwhile Mid-Day Meal Scheme) and Other Welfare Schemes.

Fortified rice manufacturers mix FRK with traditional milled rice thereby enhancing its nutritional content. India is one of the leading producers of rice, with a geographically and economically diverse rice-consuming population. Moreover, the incremental cost for fortifying rice is low, making it a scalable and cost-effective strategy. Studies have shown the acceptability of fortified rice by consumers along with significant retention of micronutrients after processing.

Prashant Nagre, Managing Director, Fermenta Biotech Limited, added, “Fermenta is proud to launch its FRK offering, thereby contributing towards overcoming micronutrient deficiency in India and across the world. As a sustainable and responsible business, we endeavour to provide world-class quality products including FRK that would take our nation closer to achieving the targets for United Nations Sustainable Development Goals on Zero Hunger and Good Health & Well-being.”

Product to be manufactured in accordance with