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ITANAGAR, 28 Jun:<\/strong> A memorandum of understanding (MoU) has been signed between the Arunachal Pradesh Industrial Development Finance Corporation Limited (APIDFCL) and Ruchi Soya Industries for setting up a palm oil manufacturing and processing plant at the Industrial Growth Centre in Niglok in East Siang district.<\/p>\n APIDFCL MD Hage Tari and Ruchi Soya NE Region head Subhas Bhattacharjee signed the MoU on Tuesday.<\/p>\n This will benefit farmers and other entrepreneurs as a large number of unused land in the state could be utilised for growing oil palms to provide raw material feeder for the palm oil manufacturing unit.<\/p>\n The APIDFCL was established in 1978 under the Companies Act, 1956. A total of 51.07 percent equity share is held by the APIDFCL and 48.93 percent by the tribal affairs ministry.<\/p>\n The corporation was established as the apex industrial development and financial institution for promotion of industries, and to act as a catalyst for growth of entrepreneurship, industrialisation and employment generation for the tribal population of the state.<\/p>\n Ruchi Soya Industries, since its incorporation in 1986, has evolved as an integrated player in the edible oil business, with a presence across the entire value chain, from farm to fork, with secured access to oil palm plantations in India.<\/p>\n Ruchi Soya is also one of the largest palm plantation companies in India and owns 22 manufacturing units that cumulatively translate to a refining, seed crushing and packaging capacity of over 11,000 tonnes per day. (DIPR)<\/p>\n","protected":false},"excerpt":{"rendered":" ITANAGAR, 28 Jun: A memorandum of understanding (MoU) has been signed between the Arunachal Pradesh Industrial Development Finance Corporation Limited (APIDFCL) and Ruchi Soya Industries for setting up a palm oil manufacturing and processing plant at the Industrial Growth Centre in Niglok in East Siang district. APIDFCL MD Hage Tari and Ruchi Soya NE Region […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-194162","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-state-news"},"_links":{"self":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/194162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/comments?post=194162"}],"version-history":[{"count":0,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/194162\/revisions"}],"wp:attachment":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/media?parent=194162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/categories?post=194162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/tags?post=194162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}