Kohima, January 31 (MTNews): The Nagaland government and Patanjali Foods Ltd inked a memorandum of understanding for development and area expansion of oil palm cultivation and processing under National Mission on Edible Oils-Oil Palm (NMEO-OP) on Tuesday.
The MoU aims to promote oil palm in the state through area expansion projects and the construction of an oil mill. Patanjali Foods, with fiscal 2021-22 revenue of more than Rs 24,000 Crore, has been assigned Zone II, which comprises districts such as Mokokchung, Longleng, and Mon. These regions offer a large potential for oil palm plantations and were chosen based on the Department’s declaration of interest.
The MoU was signed at the Directorate of Agriculture, Kohima with the Nagaland government represented by M Ben Yanthan, Director of Agriculture, Nagaland and Patanjali Foods Ltd represented by Subhas Bhattacharjee, Head-NE Region, Oil Palm.
Patanjali Foods Limited is already present in the Northeast states of Mizoram, Arunachal Pradesh, Assam, and Tripura. In August 2022, the business began the groundwork for the establishment of an oil mill in Niglok’s East Siang District. Another oil plant is planned for the Lepah hamlet in Mizoram’s Langthlai district.