Tuesday, January 10, 2023

Godrej Agrovet Becomes First Company To Receive Indian Oil Palm Certification Under The Indian Palm Oil Sustainability (IPOS) Framework

Godrej Agrovet Ltd. has become the first company in the country to be awarded a verification Certification under the Indian Palm Oil Sustainability (IPOS) Framework, issued by an independent international certification body, in recognition of the sustainable practices adopted by its oil palm business.

The certification was presented to the Chief Executive Officer of Godrej Agrovet’s Oil Palm Plantation business Mr. Sougata Niyogi.

India, the world’s largest consumer of palm oil, is pushing ahead with its own ambitious plans to boost its production of the commodity.

The IPOS Framework, established by the Solvent Extractors Association of India with assistance from Solidaridad, the Indian Institute of Oil Palm Research, and SOPOPRAD, has been created for the Indian industry and lays down a set of environment friendly, economically viable and socially beneficial practices and guidelines.

It is aimed at facilitating the well-being of farmers while ensuring that the growth is sustainable from environmental & social perspectives.

Godrej Agrovet’s CEO, Oil Palm Plantation, Sougata Niyogi said “With more than thirty years of experience in the oil palm business, Godrej Agrovet is the largest developer and producer of Crude Palm Oil in India. The business plays a vital role in driving sustainability agenda in the production of Oil Palm and has therefore strived towards educating farmers on sustainable palm oil cultivation practices on a continuous basis. This certification is a result of our commitment in supporting farmers to enhance their farm management skills that lead to improved productivity. We are grateful to the Indian Palm Oil Sustainability Framework (IPOS) for recognizing our efforts and look forward to achieving greater milestones in the near future”

Over the years, Godrej Agrovet has developed plantations across Andhra Pradesh, Telangana, Tamil Nadu, Goa, Maharashtra, Odisha, Gujarat, Chhattisgarh and Mizoram. Recently, Godrej Agrovet, has signed MoUs (Memorandum of Understanding) with Assam, Manipur and Tripura State governments for development and promotion of oil palm cultivation in the region under the National Mission on Edible Oils - Oil Palm (NMEO-OP) scheme. The MoUs signed are in line with the company’s long-term strategy to be the catalyst of India's edible oil mission through sustainable growth of oil palm production and doubling of farmers’ income.

About Godrej Agrovet:

Godrej Agrovet Limited (GAVL) is a diversified, Research & Development focused food and agri-business conglomerate, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. GAVL holds leading market positions in the different businesses it operates - Animal Feed, Crop Protection, Oil Palm, Dairy, Poultry and Processed Foods. GAVL has a pan India presence with sales of over a million tons annually of high-quality animal feed. Our teams have worked closely with Indian farmers to develop large Oil Palm Plantations, which is helping in bridging the demand and supply gap of edible oil in India. In the crop protection segment, the Company has strong presence in the B2B segment through its subsidiary Astec Lifesciences and through its extensive distribution network pan-India delivers innovative agrochemical offerings catering to the entire crop life-cycles. In Dairy and Poultry and Processed Foods, the company operates through its subsidiaries Creamline Dairy Products Limited and Godrej Tyson Foods Limited. Apart from this, GAVL also has a joint venture with the ACI group of Bangladesh for animal feed business in Bangladesh.

For more information on the Company, log on to www.godrejagrovet.com.

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