KVIC launched Sandalwood plantation
KVIC launched Sandalwood and Bamboo plantation, a new initiative to spur monetization of its assets 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. Hon’ble Union Minister for MSME, Shri Nitin Gadkari has also lauded the initiative of KVIC. 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. Plantation ceremony was launched through video-conference by KVIC Chairman, Shri Vinai Kumar Saxena yesterday. The plantation of the Sandalwood has also been planned with an