3F Oil Palm Private Limited will set up the country’s first integrated greenfield oil palm processing complex at Ayyavaram village of Nallajerla mandal of East Godavari . The foundation stone for the project was laid on November 9 (Thursday).
Agriculture Minister Kakani Govardhan Reddy, Eluru MP Kotagiri Sridhar, MLAs Talari Venkat Rao (Gopalapuram) and K. Abbayya Chowdary (Denduluru), and 3F Oil Palm MD and CEO Sanjay Goenka and around 500 farmers participated in the Bhumi Pooja, said a press release.
The company is investing ₹250 crore in the oil palm processing complex which is targeted to be made fully functional in one and a half years. It has already acquired 75 acres of land on the Dwaraka Tirumala Road for the project.