Correct Answer : Option (D) - 2025
The Tripura government has released the ‘Tripura AgarWood Policy 2021,’ which aims to double agarwood plantation by the year 2025. The potential of Agar trade in the state is estimated to be around Rs 2000 crore.
What is ‘Agarwood’ ?
Agarwood is an economically important and fast-growing evergreen tree species native to North East India. Apart from India, the Agar tree’s distribution ranges from the foothills of the Himalayas to Papua New Guinea.
The most expensive raw material in the world, fragrant Agarwood is formed due to complex biotic, abiotic and stress-induced resin on the Aquilaria trees. In the formation of oils, the wood of the tree must first become infected with mold named Phialophora Parasitica.
This fragrant dark resinous wood, Agarwood is used in incense, perfume, and small carvings.
It is said that the state capital of Tripura, Agartala has derived its name from Agarwood. Agarwood is described as a fragrant product of wealth and luxury in one of the world’s oldest written texts of Vedas.
Tripura AgarWood Policy 2021 aims to double AgarWood plantation by the year 2025. The policy attempts to make Rs 20 billion industry in the next 5 years