The government of Telangana has allocated a land area of 82,000 acres to the prominent oil company, Lohiya Group of Industries. This allocation is intended for the cultivation of oil palm as well as for the establishment of facilities dedicated to the processing of oil palm.
The land allocation took place in the districts of Karimnagar and Jagityal, facilitated by the Department of Agriculture and Cooperation.
Mahaveer Lohiya, the Managing Director of Lohiya Group of Industries, commended the government’s initiative, expressing appreciation for its potential to diminish India’s reliance on imported crude palm oil. He highlighted how this move could effectively serve a wide range of industries across the country.
“Our expertise and world class standards in the industry have been recognised over the past few decades and we are honored to be chosen to be part of the government’s initiative,” he said.
As per information from the Telangana State Food Processing Society, the current extent of oil palm cultivation spans 45,000 acres across Khammam, Kothagudem, and Suryapet regions.
The government has officially announced a supplementary objective encompassing 8.24 lakh acres across 25 districts within Telangana. These zones have been assigned to nine different companies throughout the state. The overarching goal of the Telangana State Oil Palm Mission is to expand oil palm cultivation to over 20 lakh acres within a span of 3 years, aiming to achieve this milestone by the fiscal year 2024-2025.