By acquiring this division, PFL is set to diversify its business portfolio, which is traditionally centred around food processing, oilseed refining, and fast-moving consumer goods (FMCG) related to health, nutrition, and edible oils.
According to the report, the decision was made during a meeting of the Economic Coordination Committee (ECC) of the Cabinet, chaired by Pakistan's Finance Minister Muhammad Aurangzeb.
In a post shared on X, PM Modi stated that the mission will boost domestic oilseed production, support hard-working farmers and encourage sustainable agricultural practices.
This comes after the Union Cabinet, led by Prime Minister Narendra Modi, approved a plan to streamline all CSS under the Ministry of Agriculture into two major schemes - the Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and the Krishonnati Yojana (KY).
In a significant move, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday, approved the National Mission on Edible Oils - Oilseeds (NMEO-Oilseeds), an initiative aimed at boosting domestic oilseed production and achieving self-reliance (Atmanirbhar Bharat) in edible o
The Union Cabinet has approved a 78-day Productivity Linked Bonus of Rs 2,028.57 crore for over 11.72 lakh railway employees, recognising their performance in 2023-24.
The project completion cost is Rs 63,246 crore and is planned to be completed by 2027. Once Phase-II is fully operational, Chennai will have a total Metro Rail network of 173 Km.
The Union Cabinet chaired by Prime Minister Narendra Modi on Thursday approved the proposal of the Ministry of Housing & Urban Affairs for Chennai Metro Rail Project Phase-II comprising three corridors. The total length of the approved lines will be 118.9 km with 128 stations.