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Diversified FMCG
Business Update14 Feb 2024, 11:51 pm

HUL and AP Government in Talks to Collaborate on Palm Oil Production

AI Summary

Hindustan Unilever Limited (HUL) and the Andhra Pradesh government are in talks to collaborate on palm oil production in the state. The proposed partnership aims to create at least 30,000 hectares of oil palm plantations and set up a state-of-the-art palm oil mill, leading to investments of over Rs 300 crore over the project development period. The proposed collaboration is expected to create over 1000 direct and indirect jobs in the state.,

Key Highlights

  • HUL to partner with AP government on palm oil production
  • Proposed collaboration to create at least 30,000 hectares of oil palm plantations
  • Investments of over Rs 300 crore expected
  • Proposed palm oil mill to create over 1000 direct and indirect jobs in the state
HINDUNILVR
Diversified FMCG
HINDUSTAN UNILEVER LTD.

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