Hyderabad: Godrej Agrovet is setting up an integrated oil palm complex in Telangana with an investment of Rs 300 crore, which will create livelihood opportunities for over 700 people, the state government said on Wednesday.
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Godrej Industries Group President (Corporate Affairs) Rakesh Swami and other senior executives met Chief Minister A Revanth Reddy here and submitted a report on the expansion of oil palm cultivation under the auspices of Godrej Agrovet.
The state government has allocated 113.5 acres of land to Godrej Agrovet in Khammam district for setting up an oil palm processing unit, nursery, R&D centre and seed garden, a government release said.
The company sought allocation of an additional 35 to 40 acres for a seed garden and road expansion for the processing mill, it said.
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The CM asked the Telangana Industrial Infrastructure Corporation to take up road expansion, the release added.