Center To Invest Rs 11,040 Crore For Domestic Production Of Palm Oil

The Indian government on August 18 authorized the implementation of the National Mission on Edible Oils Oil Palm (NMEO-OP). The move will help in promoting the cultivation of palm oil in India for the coming five years. "Cabinet approved the NMEO-OP with a focus on the northeast region and the Andaman and Nicobar Islands with a financial outlay of Rs 11,040 crore," said Union Information and Broadcasting Minister Anurag Thakur.