Telangana CM inaugurates ₹300 crore palm oil factory

Telangana Chief Minister A Revanth Reddy addressing a gathering after inaugurating a Rs 300-crore palm oil manufacturing unit at Narmetta in Siddhipet district on Sunday.

Telangana Chief Minister A Revanth Reddy has inaugurated a palm oil processing manufacturing unit in Narmetta, Siddhipet district. The State Authorities invested ₹300 crore on this facility, which may course of 30 tonnes of contemporary oil palm fruit bunches per hour.

He additionally launched the primary tranche (₹3,447 crore) of the Rythu Bharosa funds. The scheme gives monetary help to farmers to purchase farm inputs forward of the kharif season.

As many as 70 lakh farmers will probably be lined beneath the scheme. The funds are being launched in three tranches over 45 days forward of the upcoming season.

Addressing a gathering later, the Chief Minister mentioned that the oil palm plantation within the State has crossed the three-lakh-acre mark. “The State will procure the output even when the realm crosses the 10-lakh acre mark,” he mentioned.

Earlier he visited numerous stalls arrange as a part of the ‘Farmers competition’ and laid the inspiration stone for a palm oil refinery. He additionally laid the stone for developmental works value ₹775.72 crore, together with the ₹141-crore venture to offer consuming water and an underground drainage system in Siddhipet municipality.

“The Bharast Rashtra Samithi Authorities spent solely ₹2,533 crore a month for farmers’ welfare. However we’re spending ₹5,500 crore each month for this objective. Now we have thus far spent Rs one lakh crore during the last two years,” he mentioned.

Stating that Telangana emerged because the primary State within the nation in paddy cultivation, he referred to as for crop rotation. “Earlier, farmers used to develop completely different crops in numerous areas. There was once a lot of horticultural farms round Hyderabad. We have to encourage farmers to diversify into different crops,” he mentioned.

“The State procured 71 lakh tonnes of paddy this time. However the Centre shouldn’t be lifting greater than 50 lakh tonnes. Protecting this in view, we should always promote crop rotation. We must always chalk out plans on this regard,” he mentioned.

Revealed on March 22, 2026