STOCK MARKET BSE NSE

Telangana to cultivate oil palm in 20 lakh acres in next four years

Agriculture Minister S Niranjan Reddy said the decision was taken by Chief Minister K Chandrashekar Rao to meet the shortfall in the country’s oil production.

Published: 18th July 2021 08:33 AM  |   Last Updated: 18th July 2021 08:33 AM   |  A+A-

Agriculture Minister S Niranjan Reddy Addressing farmers virtually on Mana TV transmitted via T-SAT during a programme on ‘Oil Palm Cultivation Extension in Telangana’.

Agriculture Minister S Niranjan Reddy Addressing farmers virtually on Mana TV transmitted via T-SAT during a programme on ‘Oil Palm Cultivation Extension in Telangana’. (File photo | EPS)

By Express News Service

HYDERABAD: Telangana Agriculture Minister S Niranjan Reddy announced on Saturday, July 17, 2021, that the Telangana government aimed to cultivate oil palms in 20 lakh acres across Telangana over the next four years. To encourage farmers to cultivate the crop, the government would provide them Rs 36,000 per acre subsidy, enable the digging of pits in their farms under the NREGS, sanction micro-irrigation drip systems and assist them in securing loans from banks.

Addressing farmers virtually on Mana TV transmitted via T-SAT during a programme on ‘Oil Palm Cultivation Extension in Telangana’, he said that the decision was taken by Chief Minister K Chandrashekar Rao to meet the shortfall in the country’s oil production, which is resulting in the import of palm oil amounting to 70,000 tonnes.

The government also wished to offer a profitable alternative to paddy cultivation in the near future, he said. Pointing out that there was a need to grow oil palms in 80 lakh acres across the country, he said that presently it was being done only in 8 lakh acres. Observing that a tonne of oil palm yield was fetching `19,000 and that 15-20 tonne yield could be obtained per acre, he said that researchers had suggested that oil palms grown in the State were high in oil content.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp