10 January 2023, Mumbai: 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 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 the sustainability agenda in the production of Oil Palm and has therefore strived to educate farmers on sustainable palm oil cultivation practices continuously. This certification is a result of our commitment to 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 soon”
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 the 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.
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