Govt relaxes export norms for red sanders wood from Maha,TN

Image
Press Trust of India New Delhi
Last Updated : Sep 03 2016 | 5:02 PM IST
The government has relaxed norms for exports of red sanders wood in log form through Maharashtra and Tamil Nadu.
"Prohibition on export of red sanders wood in log form has been relaxed for export of 383.13 tonne through state governments of Maharashtra and Tamil Nadu," the Directorate General of Foreign Trade (DGFT) has said in a notification.
It has also recently revised the total quantity of red sanders wood exports by the Andhra Pradesh Government.
The wood is an endangered species of flora protected under the Convention of International Trade in Endangered Species of Flora and Fauna. It is illegal to possess and sell the same.
Red sander is found mainly in the Seshachalam hill ranges spread across Kadapa, Chittoor and Kurnool in the Rayalaseema region and parts of Nellore district in Andhra Pradesh.
The wood has huge demand abroad, especially in China and Japan, where it commands a good price. According to a media report, the wood fetches Rs 25 lakh a tonne in the international market.
It is a valued item in traditional medicines and woodcraft across China, Myanmar, Japan and East Asia.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 03 2016 | 5:02 PM IST

Next Story