credit - clickindia.com
Investment in tree plantations, which was always relatively low in India, has recently grown in importance. Forest-based industries, recognizing that the existing forests cannot continue to meet their raw material requirements, are expected to play a significant part in increasing investments in plantation programmes in the coming years. Private investment in teak plantations has arisen as a response to the growing demand for housing- and furniture-grade timbers, of which teak is the most valued. India is one of the largest producers of teak in the world, but the supply does not meet national demand. The other strong demand for teak wood is China, and the traditional USA and EU markets.
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