Arunachal inks pact with Ruchi Soya for oil palm processing unit

Updated: Jun 28 2022 6:22PM

Itanagar, Jun 28 (PTI) The Arunachal Pradesh government on Tuesday inked a memorandum of understanding (MoU) with Ruchi Soya Industries, for setting up of oil palm manufacturing and processing unit at Niglok Industrial Growth Centre in East Siang district.

The MoU was signed between Arunachal Pradesh Industrial Development Finance Corporations Limited (APIDFCL), MD Hage Tari and Subhas Bhattacharjee (Head North East region) of Ruchi Soya Industries, official sources said.

With the signing of the MoU, farmers and other entrepreneurs would be benefitted as large number of unused land in the state could be utilized for plantations of oil palm in large scale which would a ready raw material feeder for oil palm manufacturing units.