Hyderabad: Health and Family Welfare Minister T Harish Rao said that the state government would establish a Palm Oil Factory with an estimated cost of Rs 300 crores in Siddipet District.
He was speaking at the District Praja Parishad all-party meeting held on Tuesday.
Harish Rao advised the farmers to adopt palm oil plantations. He asked the local farmers to visit Sattupally to study the palm plantation. He said that palm oil plantation gives a profit of a minimum of Rs 1.50 lakh. He said that Sattupally farmers grew in a great way and prospered with palm oil agriculture.The Minister informed that Palm oil plantation was being carried out at about 7,000-acre area in Siddipet district and the government was providing the subsidy of Rs 1 lakh per acre for palm oil plantation. (INN)