Question 1526
Which of the following has inked MoUs with Assam, Manipur and Tripura govts for development and promotion of oil palm cultivation under a central scheme?
Answer
Godrej Agrovet
Why?
The correct answer is Godrej Agrovet. Key Points Godrej Agrovet has inked MoUs with the Assam, Manipur, and Tripura governments for the development and promotion of oil palm cultivation under a central scheme. Godrej Agrovet is the largest oil palm processor in India and works directly with farmers for the entire crop cycle. It will be allotted land across the three states for the promotion and development of sustainable palm oil plantations in the region. Important Points The MoU has been signed under the National Mission on Edible Oils-Oil Palm (NMEO-OP) scheme. The collaboration will bring new opportunities and growth in building oil palm plantations in these three States and would help to provide the required support to the farmers. Additional Information NMEO-OP scheme The Centre launched the NMEO-OP scheme in August 2021 with a planned outlay of ₹11,040 crores . Under this mission, the government has envisaged raising the area under cultivation of oil palm to 10 lakh hectares by FY26 and 16.7 lakh hectares by FY30. The mission has a special focus on the North-East region and the Andaman and Nicobar Islands.
