Domestic Bamboo Industry Has Potential To Be Worth Rs 30000 Crore

Capital Market 

Minister for Road Transport & Highways and Micro, Small and Medium Enterprises, Nitin Gadkari said that there is a need to increase demand for bamboo. He said that bamboo has potential to be used as an alternative to coal and can also be used in construction. Gadkari said that use of jute and coir mattresses is soon going to be made mandatory for all NHAI roads.

He advocated varied use of traditional materials like jute, coir and bamboo by developing them further. Gadkari expressed hope that, with integrated efforts from all stakeholders, bamboo industry in India will be worth 25-30 thousand crore rupees. Technologically proven, cost effective and attractive product designing can establish and promote the use and demand of bamboo, which will encourage people to go for bamboo plantation. He assured all assistance from Ministry of MSME for any scheme related to promotion of bamboo.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, March 23 2021. 14:30 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU