NITI Aayog, the policy think tank of the Indian government, is working on a comprehensive policy to maximize the benefits of bamboo, also known as ‘green gold’. Bamboo has immense potential in sectors such as biofuel and infrastructure. The aim of the policy is to encourage and support the entire bamboo value chain, from cultivation to production and development.
Under the guidance of NITI Aayog member Ramesh Chand, multiple meetings have been held to create a blueprint for boosting bamboo cultivation and utilization. The proposed strategy will cover plantation, production, processing, standardization, and utilization, with the goal of establishing a circular economy within the sector.
The policy, expected to be released by the end of this year, will also include setting BIS standards for bamboo, certification of food and safety standards for bamboo products, and geographical indications (GI) tagging to enhance export opportunities.
The government is particularly interested in promoting the large-scale use of bamboo for bio-ethanol production, as it aims to reduce India’s reliance on imported fossil fuels. Bamboo’s strength and versatility are also being explored for applications in construction and infrastructure.
Although China, India, and Myanmar account for 80% of the world’s bamboo area, India’s industrialization of bamboo remains relatively low, leading to supply-side constraints and stagnant bamboo exports. However, the global bamboo market was valued at $68.8 billion in 2019 and is projected to reach $98.3 billion by 2025. Bamboo is an environmentally friendly option, requiring 30% less water than hardwood trees and producing 35% more oxygen, making it suitable for combating climate change.
In 2018-19, the government launched the National Bamboo Mission to facilitate the holistic development of the bamboo value chain. However, the absence of incentives for producers and other stakeholders has hindered significant growth in bamboo production.
Overall, the comprehensive policy being developed by NITI Aayog aims to unlock the full potential of bamboo and establish a sustainable bamboo industry in India.
Summary:
★NITI Aayog is working on a comprehensive policy to maximize the benefits of bamboo in sectors such as biofuel and infrastructure.
★The policy will cover plantation, production, processing, standardization, and utilization of bamboo.
★It will include setting BIS standards, certification of food and safety standards, and geographical indications tagging for bamboo products.
★The government aims to promote large-scale use of bamboo for bio-ethanol production and explore its applications in construction and infrastructure.
★India’s industrialization of bamboo remains relatively low, leading to supply-side constraints and stagnant bamboo exports.
★The global bamboo market is valued at $68.8 billion and is projected to reach $98.3 billion by 2025.
★Bamboo is environmentally friendly, requiring less water than hardwood trees and producing more oxygen.
★The National Bamboo Mission was launched in 2018-19 to facilitate the holistic development of the bamboo value chain, but incentives for producers are lacking.
Follow DelhiBreakings on Google News
Superfast News Coverage by DelhiBreakings.com team.
For Superfast national news and Delhi Breaking Stories visit us daily at https://delhibreakings.com
Something went wrong. Please refresh the page and/or try again.
