25 October 2016 Current Affairs: Rajasthan is all set to launch next month its own brand olive oil, which it claims, will be the country's first indigenously-produced brand. The state will be launching its olive oil under the brand 'Raj Olive Oil' at the Global Rajasthan Agri-tech Meet (GRAM) .
After the product's launch, the state will work on avenues to market it and seek cooperation from experts to increase its production.
According to agriculture, the state till date has auctioned more than nine tonnes of olive oil and plans to market 4,500 litres under 'Raj Olive' at GRAM through Rajasthan Olive Cultivation Limited (ROCL)- a venture of the state government, India-based Finolex Plasson Industries, and Indolive Industries of Israel.
Rajasthan's tryst with olives began in 2008 with 1.12 lakh saplings brought from Israel and grown here. The saplings were planted in 182 hectares of government farms in seven agri- climatic zones - Bassi, Bakalia, Santhu, Barore, Tinkirudi, Lunkaransar and Bsabasina villages.
ROCL started transferring saplings to farmers in 2009 and till date has produce 11,574 kg of olive oil with Ganganagar, Bikaner, Hanumangarh and Nagore districts being the largest producers.
Rajasthan has seen a growing demand for olive cultivation among farmers with the fruit giving higher returns per hectare, besides the subsidies they get after the government declared it the state's 'first plantation crop'.
According to figures with the ROCL, India currently imports 14,500 metric tones of olive oil from countries like Spain, Italy and Greece, and the bottled varieties of extra virgin and pomace olive oil cost between Rs 700 and Rs 1,000 a litre.
Olive tea has its own health benefits. It is anti-oxidant which brings down bad cholesterol and prevents cardio-vascular problems .