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Gujarat allots land to Godrej Agrovet for oil palm cultivation

The Business Guardian

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December 16, 2024

Godrej Agrovet informed stock exchanges that the Gujarat government has allotted area to it in three districts for the expansion of oil palm cultivation under the palm oil mission.

- TBG NETWORK

Those three districts are Vadodara, Surat, and Tapi, the company informed stock exchanges in a filing late on Saturday. The filing didn't elaborate further details about the allotment of land.

India is the world's second-largest consumer and number one vegetable oil importer, and it meets 60 per cent of its need through imports. A large part of it is palm oil and its derivatives, which are imported from Indonesia and Malaysia.

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