- In continuation of the MOU signed between 3F Oil Palm and Andhra Pradesh CM Shri Y.S. Jagan Mohan Reddy
- The company will be investing INR 250 Cr towards the new Greenfield Integrated Oil Palm Processing Complex
- The new integrated greenfield oil palm processing complex is the first initiative of the overall investment of INR 55O Cr in Andhra Pradesh announced earlier this year
- This facility alone will generate employment for 1,500 people
Andhra Pradesh, November 8th 2023: 3F Oil Palm, one of India’s leading oil palm companies, today announced that it has laid the foundation stone for India’s 1st integrated greenfield oil palm processing complex in Andhra Pradesh, in continuation of the signing of Memorandum of Understanding (MoU) with the Government of Andhra Pradesh (AP) for the sustainable development of farmers in the state.
The Bhoomi Puja for this Oil Palm processing complex in Ayyavaram village, Nallajerla Mandal, East Godavari was held in the presence of Sri. Kakani Govardhan Reddy – Minister for Agriculture, Cooperation, Marketing and Food Processing, Govt of AP; Sri. Kotagiri Sridhar – Member of Parliament, Eluru; Sri. Talari Venkatrao – Member of Legislative Assembly – Gopalapuram; Sri. Kothari Abbaya Chowdary – Member of Legislative Assembly – Denduluru and Sri. Sanjay Goenka – MD & CEO, 3F Oil Palm. Additionally, over 500 farmers attended the event from the surrounding villages.
3F Oil Palm will be investing INR 250 Cr towards this Oil Palm processing complex and it is likely to be fully functional within 18 months. The company has already acquired 75 acres of land on Dwaraka Tirumala Road for the project.
Sanjay Goenka, Managing Director and CEO, 3F Oil Palm, said: “We are embarking on a groundbreaking journey and poised to revolutionize India’s agri-business landscape with the establishment of the nation’s first Integrated Greenfield Oil Palm Processing Complex in Andhra Pradesh. The facility is expected to produce 2,00,000 MT of refined oil per annum by FY25 onwards and will generate employment for 500 direct and 1000 indirect workers. This venture will, we believe, contribute tremendously to India’s self-sufficiency in palm oil production and processing.”
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.
About 3F Oil Palm
3F Oil Palm Private Limited, is a company engaged in the Oil Palm development program in India ever since the project commenced in the early 1990s. Due to its continued vision towards this project, they have invested in and actively carrying out our operations in 5 states of India. In addition to this, they are investing in South America and Africa developing an integrated Oil Palm project in 1,00,000 Ac of land each. Their activities in India include:
- Nursery Establishment
- Currently operate 9 Oil Palm Nurseries across 5 states of India
- State of the art nurseries with all the necessary infrastructure to produce healthy saplings
- Sapling product range has been sourced from 4 different countries
- First of its kind 3-way cross, drought-resistant, high-yielding varieties available
- Area Expansion and Crop Maintenance
- Currently have over 400 trained and experienced agriculture graduates conducting area expansion and extension activities.
- The manpower also carries out vigorous Crop Maintenance activities to ensure higher yields to the farmer.
- Farmer Services
- First of its kind, One Stop Shop Farmer Services centres have been set up for all farmer needs- “3F Akshaya Kendra”
- Farm inputs like fertilizers, bio-fertilizers and micronutrients are being supplied to farmers across states via a network of 3F Akshaya Kendra’s
- Harvesting tools and tackles being supplied to farmers at minimal cost
- Harvesting Labor services being provided to farmer on no cost no profit basis
- FFB Collection and Handling
- Wide network of FFB collection centres established within 10km radius of farmer gardens across all areas of operations
- Each collection point has an established and well-stocked 3F Akshaya Kendra to meet farmer needs as above
- Oil Palm Processing Facility
- 5 Oil Palm factories across India with a cumulative capacity to process 75MT/hour
- 2 Palm Waste-Based Captive Power Plants
- 2 Oil Palm Refineries Operational in the state of Andhra Pradesh
- 2 additional Greenfield Oil Palm Factories are under construction
- R and D facilities
- In house Soil, leaf and water analysis facility to ensure proper technical guidance to farmers who need it
- In-house development of bio-fertilizers and other organic products
- Various other R and D programs being carried out to come up with methods and best practices to enhance farmer yields.
Through all the above activities, 3F Oil Palm’s remain extremely committed to the Oil Palm development project and is actively working towards the aim of self-reliance of edible oils in India.