India to boost its economy with Bamboo resources

Bamboo is vital to India’s Post- COVID economy and will provide an opportunity for India to emerge as an economic power with the support of its Bamboo resources.

The Minister discussed India’s Post-COVID economy which will provide an opportunity for India to emerge as an economic power with the support of its Bamboo resources.

Northeast consists of 60% of India’s reserve of Bamboo.

The total requirement of “Agarbatti” in India is about 2,30,000 per annum and the market value of it is up to Rs.5000 crore. India has been importing a large bulk of it from countries like China and Vietnam. It is expected that the Post-COVID era, will provide an opportunity for the North-Eastern region to help India become world competitive and self-sufficient in the changed scenario.

Centre also plans for the promotion of bamboo manufacturing and trade and works out the feasibility of Public-Private Partnership (PPP) in this sector.

Bamboo can be processed into multiple products, including bio-diesel and green fuel, wooden lumber, and plywood.

It can change the entire face of the economy and create employment opportunities in multiple sectors.