The Government of Chhatisgarh shall lease 15000 hectares of vacant waste / barren land to CREDA.Through a separate license agreement CREDA would lease the land to CREDA - HPCL Biofuel Ltd on terms mutually agreed upon for a period of 30 years for carrying out plantation of jatropha.
Government of Chhattisgarh would facilitate and complete the activities of leasing the entire land of 15000 hectares within a period of 3 years.
The company endeavors to leverage technology, farm management and usageof select proven research, processes and seeds to ensure high quality yield both in quantity and oil content. It is envisaged to act as a catalyst in boosting the economic conditions of the community living around the plantation by providing seasonal or periodic employment as this can utilize their spare time in collection of seeds or as helping hands in maintenance of the crops. The company also envisages ensuring and discharging social responsibilities and stakeholders' satisfaction. The company would also impart training to the entire workforce involved in the cultivation of Jatropha.
