Finance and Health Minister T. Harish Rao said that cultivation of oil palm would change the fate of farmers for better and they would get rich dividends.
Addressing a gathering after laying foundation stone for the construction of oil palm factory at Narmetta in Siddipet district along with Agriculture Minister S. Niranjan Reddy on Wednesday, Mr. Harish Rao said that farmers can get a revenue of ₹ 1.5 lakh per acre and the crop would be procured by TSIOLFED and factory is being established in Siddipet district to extract the oil.
“We are importing worth of ₹1. lakh crore palm oil from other countries unable to produce oil palm. There is a huge demand for this crop and already crop was sown in about 3,000 acres in the district. Seeds for about 20,000 acres will be ready by July end. We request public representatives to encourage farmers in cultivating oil palm,” said Mr. Harish Rao.
