KVIC launches Sandalwood and Bamboo plantation

New Delhi, June 25, 2020: The Khadi and Village
Industries Commission
(KVIC), in a first of its kind initiative
has begun exploring the
untapped but highly profitable venture
of sandalwood and bamboo
tree plantation for monetization of
its assets.
Seeking to encourage commercial
plantation of sandalwood and bamboo,
the KVIC has begun a drive
with plantation of 500 saplings
each of sandalwood and bamboo at
its Nashik training center spread
over 262 acres of land.
Union Minister for MSME, Nitin
Gadkari has lauded the initiative.
KVIC has procured sandalwood
saplings from Fragrance and
Flavour Development Centre
(FFDC) Kannauj, a unit of the
Ministry of MSME, in Uttar
Pradesh and Bamboo saplings
from Assam.
The Plantation ceremony was
launched through video-conference
by KVIC Chairman, Vinai Kumar
Saxena yesterday.
The plantation of the Sandalwood
has also been planned with an eye
on creating an asset for the KVIC
as it is estimated to fetch between
Rs 50 crore to Rs 60 crore in the
next 10 to 15 years.
A sandalwood tree matures in 10
to 15 years and as per the current
rate, sells at Rs 10 lakh to Rs 12
lakh each.
Likewise, a special variety of
bamboo, Bambusa Tulda, used for
making Agarbatti sticks, brought
from Assam has been planted in
Maharashtra with an aim to support
the local Agarbatti industry
and to create regular income for
the training center.
One bamboo plant gets ready for
harvesting in the third year. Each
matured log of bamboo, weighing
approximately 25 kg, sells at an
average of Rs 5 per kg.
At this rate, one matured log of
bamboo fetches nearly Rs 125. The
bamboo plant has a unique quality.
Each bamboo plant, after the third
year, produces minimum 5 logs and
thereafter, the production of bamboo
logs doubles every year.
This means, the 500 bamboo
saplings will provide at least 2500
bamboo logs in the third year and
will generate an additional income
of nearly Rs 3.25 lakh to the institution
which will grow every year
by nearly two-times.
Further, in terms of quantity,
2500 bamboo logs will weigh
approximately 65 MT of bamboo
that will be used for making Agarbatti
sticks and thus create largescale
local employment.
In the last few months, KVIC has
planted nearly 2500 trees of Bambusa
Tulda in different parts of
500 saplings of Bambusa Tulda
have been planted in each of the
cities like Delhi, Varanasi and
Kannauj apart from the latest plantation
in Nashik to ensure local
availability of raw material for
Agarbatti manufacturers at a reasonable
“Plantation of sandalwood and
bamboo trees on vacant land aims
at monetization of the property. At
the same time, it will serve the dual
purpose of meeting the huge global
demand of Sandalwood while Bamboo
plantation will support the
local Agarbatti manufacturers in
the light of recent decision taken by
the Central government to make
India ‘Aatmanirbhar’ in Agarbatti
making,” Vinai Kumar Saxena
“We are identifying more properties
across the country where such
plantations can be launched,” Saxena
said, adding if the farmers
start planting just two sandalwood
trees in their fields, they will be
economically self-dependent.

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