In 2020, the import value of palm oil reached USD 5.12 billion. To counter India¡¯s reliance on other palm oil producing countries and to address the issue of non-employment among the vast Indian population, the Indian government launched the National Mission on Edible Oils ¨C Oil Palm (NMEO-OP) in August 2021.
How will nmeo-op affect oil palm cultivation in India?
With the Indian government’s announcement of more than 1.4 billion USD to promote oil palm cultivation in the country under the NMEO-OP, the area under oil palm cultivation is projected to increase by more than three folds to a million hectares, and the production of crude palm oil to 1.125 million tonnes by 2025-26.
Why does India want to produce palm oil?
India wants to produce palm oil to reduce its reliance on imports. Several farmers in Assam have taken up oil palm farming in the hope that it will increase their incomes [Gurvinder Singh/Al Jazeera]
Which is the first oil palm factory in Arunachal Pradesh?
This factory marks the first Oil Palm factory in Arunachal Pradesh and India¡¯s first Oil Palm Factory under NMEO-OP. The inauguration of the 3F Oil Palm Processing Unit in Arunachal Pradesh was virtually carried out by Prime Minister Narendra Modi on March 9, 2024, marking the commencement of a transformative journey.