Godrej Agrovet Ltd plans to invest Rs 250 crore in setting up an edible oil processing unit in Khammam district of with a proposed capacity of 30 tonnes per hour (TPH) which will be expandable to 60 TPH.
The facility, which is expected to achieve full-scale operations by 2025, is slated to be the single largest private Investment in Khammam district, Telangana Industries minister KT Rama Raos office said after the minister met the Godrej group of companys top brass in Hyderabad.
According to the company, the palm oil farmers will be serviced through 10 Godrej Samadhan centres, including one existing and nine in the pipeline, and their extension team.
The company will also deploy digital technology with tools such as satellite and drones to track the area under cultivation, offer image-based crop advisory Services, farmer apps and sapling portal among others, in the region.
The Godrej Agrovet top boss also informed the minister that the company is actively considering opportunities to expand its presence in other sectors such as animal feed, aqua feed, agrochemicals, Poultry processing and Dairy, among others, in Telangana over the next few years.
Telangana has set a goal of bringing 20 lakh acres in the state under palm oil cultivation as part of efforts to reduce dependence on imported oil.