In a bid to promote oil palm cultivation, Ruchi Soya, leading FMCG player is planning to set up a processing plant in Odisha at a cost of Rs 30 crore. The company will promote the same through a tripartite agreement with Odisha government and farmers under which the company will have exclusive rights to procure Fresh Fruit Bunches (FFB) of oil palm from farmers.
Moreover, the company will initially set up 10 tonnes per hour FFB processing mill. Presently, the company is associated directly with over 4,000 farmers and more than 6,000 persons are directly or indirectly linked with this project which has a larger employment generation potential.
Ruchi Soya is the largest player in Odisha with access to 28,000 hectares land in Mayurbhanj, Balasore, Bhadrak and Kendrapara districts.
Moreover, the company will initially set up 10 tonnes per hour FFB processing mill. Presently, the company is associated directly with over 4,000 farmers and more than 6,000 persons are directly or indirectly linked with this project which has a larger employment generation potential.
Ruchi Soya is the largest player in Odisha with access to 28,000 hectares land in Mayurbhanj, Balasore, Bhadrak and Kendrapara districts.
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