The Nagaland government has taken a major step in promoting sustainable agriculture and boosting the state’s economy with the signing of a memorandum of understanding (MoU) with Patanjali Foods. The agreement will see the establishment of a palm oil cultivation project in the state, aimed at reducing dependence on imports and providing employment opportunities for local farmers.
Patanjali Foods, known for its herbal and ayurvedic products, has been actively seeking to expand its operations in the northeast region of India. The company has identified Nagaland as an ideal location for palm oil cultivation, due to the state’s favorable climatic conditions and availability of land.
The MoU was signed by the Commissioner and Secretary of Nagaland’s Department of Industries and Commerce, Temjen Toy, and Managing Director of Patanjali Foods, Bal Krishna. During the signing ceremony, both parties expressed their commitment to working together for the development of the state and the nation.
The palm oil cultivation project is expected to generate significant revenue for Nagaland and create job opportunities for the local population. In addition, it will contribute to the country’s goal of reducing dependence on imported palm oil and promoting sustainable agriculture practices.
The state government has assured all necessary support to Patanjali Foods in setting up the project, including providing land and facilitating the procurement of licenses and permits. The company, in turn, has agreed to invest in the development of infrastructure and provide training to farmers in modern agricultural techniques.
Patanjali Ayurveda is a worldwide Indian conglomerate holding corporation headquartered in Haridwar, India. Patanjali was created in 2006 by Ramdev and Balkrishna. Patanjali Ayurveda was founded in 2006 by Ramdev and Balkrishna. The company’s major production site is Patanjali Food and Herbal Park in Haridwar. The firm produces cosmetics, ayurvedic medicine, personal care products, and food.
M Ben Yanthan, Director of Agriculture, Nagaland, and Patanjali Foods Ltd Head-NE Region, Oil Palm Subhas Bhattacharjee signed the MoU at the Directorate of Agriculture in Kohima. According to Patanjali Foods Ltd, the signing of the MoU with the Government of Nagaland would undoubtedly benefit oil palm producers in Nagaland and the area.