HOME > BUSINESS > Ruchi Soya to plant oil palm in 25,000 hectares in Arunachal Pradesh

Ruchi Soya to plant oil palm in 25,000 hectares in Arunachal Pradesh

ruchi-soyaAgri and Food FMCG company Ruchi Soya Industries Ltd. said it signed an agreement with the Government of Arunachal Pradesh to boost palm oil production through development of quality palm plantations and human capacity building.

With this agreement, Ruchi Soya Industries Limited now has obtained permission for oil palm development in 45,000 hectares, covering 5 districts in the state of Arunachal Pradesh. Through an MOU signed last year, the company obtained access of 20,000 hectares in Zone III – EastSiang District.

Under the memorandum of understanding (MOU) Ruchi Soya will promote and encourage development of oil palm in 25,000 hectares in zone IV comprising of 4 districts of the state (West Siang, East Kamang, Lower Subansri and Papumpare).

“Allotment of Zone IV will help in upbringing of more palm plantations in the near future which shall not only contribute to employment generation but go along way in strengthening the rural economy by enriching the farmer income levels,” said Pool a Mallesham, Corporate Head, Oil Palm Division of Ruchi Soya Industries Limited.

India is heavily dependent on import of cooking oils and is all set to import record 15 million tonnes in the current 2015-16 oil year ending October.

Out of the 15 million tonnes, palm oil imports alone accounts for 9 million tonnes or 60 per cent.

Ruchi Soya is Indian Agri and Food FMCG company with a turnover of USD4 billion.

It produces 0.52 million metric ton palm oil per annum.

The company has land access to over 2 lakh hectares of palm plantations in the states of Andhra Pradesh,Telangana, Karnataka,Mizoram, Gujarat, Odisha,Tamil Nadu, Chhattisgarh and Arunachal Pradesh.

It focuses on cooking oil and soy foods categories of the country.

Its leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star.and Ruchi Gold.

Follow ULTRA.news
All liquor shops in Tamil Nadu to remain shut for 3 months The Madras High Court has asked the government of Tamil Nadu not to open any liquor shops for three months after complaints that it did not comply with the Supreme Court order on relocating roadside liquor shops.Unlike in most states in India, alchohol shops in Tamil Nadu are...
Nearly a quarter of all food samples tested found fake or adulterated Food Adulteration and Testing in India, FY16Over one-fifth of all food samples tested in India's government labs in the last year were found to be fake or adulterated, according to numbers compiled from various state government food testing facilities by union government's d...
Service Charge in Restaurants: Center says still waiting for industry proposal GST will subsume service tax and VATThe ministry of consumer affairs, food and public distribution is still waiting to hear from the hotel and restaurant industry associations on how they intend to resolve the issue of levying service charges 'unfairly'.The matter had co...
Baba Ramdev’s Patanjali expands Ruchi Soya tie-up, eyes 20,000 cr edible oil sales Patanjali Ayurved, the consumer products company headed by yoga exponent Baba Ramdev, has scaled up its agreement with Ruchi Soya, which has been facing financial stress due to high debt levels.Ruchi Soya said the two companies have agreed to expand their initial agreement --...
Supreme Court bans liquor sales along national and state highways The Supreme Court of India has banned the sale of liquor along highways in India.It has ordered that all the licenses of liquor shops in and around the national and state highways in all the states should be closed when their licenses expire.During the trial, the cour...
Domino’s Pizza starts cashless facility for phone orders Domino's Pizza has started cashless payment facility for those who order by phone as well."Post demonetization, we have seen many customers choosing to order online. Consumers coming to our restaurants to dine in or carry out are able to pay With Credit caras or Wassets. Howe...
Uflex launches pouch to extend shelf life for ghee FMCG company Uflex said it launched new pouche for liquids like ghee or clarified butter for long shelf life.The pouch with sonically sealed spout has been offered to Paras Dairy for packing it's ghee.Uflex, founded in 1983, is India’s largest end-to-end flexible packagin...
Aditya Birla´s fashion and retail unit ties up with UK luxury brand Ted Baker Aditya Birla Fashion and Retail Ltd said it entered into agreement with UK based fashion brand Ted Baker.Ted Baker London is a British luxury clothing retail company."We are happy to join hands with Ted Baker and build a strong presence for the brand with Indian consumers...
Lypsa Gems to sell via Gitanjali Group’s jewelsouk.com Lypsa Gems and Jewellery Ltd said it tied up with Jewelsouk.com to sell ‘Lypsa Atelier’ branded diamond-studded jewellery.“This tie-up is part of our E-commerce push. Lypsa Atelier is currently available on Flipkart, Snapdeal, Craftsvilla, Shopclues in addition to Jewelsouk.”...
Sun Pharma to get dengue vaccine technology from ICGEB Pharma major Sun Pharma said it tied up with research organization International Centre for Genetic Engineering and Biotechnology to develop vaccines for dengue.The vaccine is targeted against all the four serotypes of Dengue virus that cause disease in humans and is being de...
Bajaj Finance to provide auto loans to Baxi drivers Baxi, which operates commercial two wheelers, said it has partnered with Bajaj Finance Limited to finance salaried individuals who want to buy new bikes with the option to operate on a ride share basis.As part of the agreement, Bajaj Finance will provide attractive loans with...
US Govt agency to help disburse loans to Indian SMEs RBL Bank and NeoGrowth Credit Pvt will provide loans to small and medium enterprises in the Indian retail segment that are excluded from mainstream funding and financing with the help of a US government agency.The funding will be backed by the Overseas Private Investment ...
Lupin licenses taste-masking technology from Monosol for paediatric tablets Pharma Major Lupin Ltd. said its US subsidiary, Lupin Pharmaceutical Inc., has agreed to license technology from Monosol Rx to develop multiple paediatric-focused products.Lupin would develop the pediatric products utilizing MonoSol Rx’s proprietary PharmFilm drug delivery ...
Cadila to launch immunosuppressant drug in India Cadila Healthcare, a Ahmedabad headquartered pharmaceutical company owned by Zydus Group, said it has partnered with Switzerland-based global biopharmaceutical company Neovii to launch an drug to reduce the strength of the body's immune system in India.The drug named Grafalon...
Cognizant to help transform Future Group’s consumer business Cognizant said that it has entered into a partnership with Future Group, an Indian multi-brand retailer, to transform its consumer goods business, Future Consumer Limited (FCL), into a connected enterprise.“In an era where data, insights and supply chain intelligence are cruc...
L&T partners with Microsoft to set up “Green Campuses” L&T Technology Services, the information technology company of the L&T group, said it has partnered with Microsoft Corporation to offer a solution to lower energy bills and cost of maintenance.L&T Technology Service's Integrated Building Energy Management Syst...
IBM partners with US based Majesco to provide insurance services Majesco, an insurance software provider, and IT services giant IBM tied up to offer a cloud based platform to their insurance clients to speed up customer service with the help of data analytics.The five-year partnership will allow insurance companies to develop and launch ne...
NHPC extends power purchase for 35 years Hydro power company NHPC Ltd said the power purchase agreements for its two power stations, Teesta-V power station and Rangit power station has been extended for another 35 years.Teesta-V has power generating capacity of 510 MW, while Rangit station has a capacity of 60 MW. ...
Arrow Greentech gets US patent for self-destructive packaging film Arrow Greentech, a Mumbai based packaging solution provider, said it has received a patent from United States Patent and Trademark Office for self-destructive packaging film which is also water soluble.The water-soluble packaging film will also be embedded with various securi...
India signs 15 year contract for exploration of gold and platinum in the Indian Ocean Government of India has signed a 15-year contract with the International Seabed Authority (ISA) for the exploration of Poly-Metallic Sulphides deposits, which constitutes of gold, platinum, iron, copper, zinc and silver, in the Indian Ocean, said the Ministry of Earth Sciences. ...
Packaged food market reached $51 mn mark in 2015: Study Clocking a compounded annual growth rate (CAGR) of about 16 per cent, the packaged food market in India is expected to have crossed $51.5 million (mn) mark in 2015 as against $25 million in 2010, noted a recent ASSOCHAM-TechSci Research joint study.“In wake of the increasing ...
Brigade Group to help buyers rent flats using Nest Away services Brigade Group, a leading real estate developer, said it has partnered with Nest Away, a rental solutions provider,to assist its customers in renting out their properties.The service will be provided exclusively to its customers who will now be able to avail a rental default g...
Wipro buys Chinese consumer products company Wipro Consumer Care and Lighting, part of the Wipro group, is buying 100% of Zhongshan Ma Er Daily Products Limited, a Chinese Fast Moving Consumer Goods (FMCG) company, in an all cash deal. "This acquisition will help the company leapfrog into the leading position in South C...
Uflex develops toxin-free BOPET film Uflex, India´s largest FMCG packing company, said it developed a melanin free version of acrylic coated BOPET film used in food packaging and other industries.The company has developed clear transparent film that can be used in conversion, printing, hot fill, retort, pasteuri...
Adani Ports acquires Australian port operator for Rs 97 cr Adani Ports and Special Economic Zone said it will acquire the company operating the Abbot Point Coal Terminal in Queensland for 19.25 mln Australian dollar (Rs 97 cr).Abbot Point has currently one operating terminal named Adani Abbot Point Terminal having firm take or pay co...