VED Council monthly meeting “Progress Pulse” organised a very interesting talk by Mr. M. Srinivasa Rao, IFS, Principal Chief Conservator of Forest (Production and Management) on Forest Based Industries at the M. K.H. Sancheti Hall on Saturday 15th June 2024.
President Rina Sinha , emphasising on the thrust area of bio diversity of VED Council as part of exploring newer opportunities for Vidarbha’s Economic Development appealed to the a house full audience to explore business opportunities looking at the abundant resources available from rich bio diversity in the region.
Mr,. Srinivas Rao on his talk had everyone spell bound when he unveiled so many aspects that our forests can provide to utilise natural resources for economic development through a very crisp presentation which shed light on the significant growth and potential of forest-based industries and the global essential oils market offering insights into various sectors, market trends, and notable institutions driving these industries forward.
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24 April 2025
The presentation underscores the robust expansion of forest-based industries, driven by an increasing demand for wood products and biomass-based power generation. Key highlights included:
Sourcing of Forest Products: An impressive 70% of forest products are sourced from outside forest areas, showcasing the sustainable practices adopted by the industry.
Pulp and Paper Industry: Rapid growth in India’s pulp and paper industry marks a significant milestone, reflecting the country’s advancing capabilities in this sector.
Match Wood Industry: The match wood industry’s growth trajectory is analyzed, emphasizing its integral role in the overall forest-based market.
Timber and Sandal Wood Industries: These industries continue to thrive, supported by strong demand and innovative processing techniques.
Plywood and Particle Board Industries: Both industries are highlighted for their contribution to meeting global wood product needs.
Dendro Biomass Power Generation: This sector is rapidly growing, illustrating the shift towards renewable energy sources.
Essential Oil Market
Mr Rao’s presentation also delves into the booming global essential oils market:
Market Regions and Sales Channels: An in-depth analysis of the largest market regions and distribution channels provides a clear picture of current trends and future directions.
Projected Market Growth: North America and the Asia Pacific region are projected to see substantial growth, driven by increasing consumer awareness and demand for natural products.
Major Companies: An overview of leading companies in the essential oils market highlights the key players shaping this industry.
Institutes and Websites
Showcasing the websites of notable institutes such as CSIR-Central Institute of Medicinal and Aromatic Plants, ICAR-NISA, and CFTRI Mr Rao highlighted that such institutions in Vidarbha will help bridge he skill gap required in the industry. Rina Sinha assured of pursing these propositions through VED Council for the economic development of the region
The monthly magazine of Progress Pulse was inaugurated by Chief Guest Mr Rao. A token of gratitude was presented to Mr. Rao by President Rina Sinha.
VED Council members Dr Rita Dhodapkar introduced Mr M. Srinivass Rao and Vice President Mr. Pankaj Mahajan proposed a formal Vote of Thanks. New VED members Adv Harish Thakur and Mr P. Mohan, Secy MIA were inducted into VED Council .Many representatives from various organisations viz, Jeevan Ghime, Puneet Mahajan , Manish Sanghavi , P. Mohan from Butibori Manufacturers Association, Mr Laxmikant Padole from Neem Foundation, Mr. Sunil Joshi from Bamboo Society of India , Mr. Amitabh Sinha , MD, Metlok Co were among a host of budding entrepreneurs in agriculture and students and VED members .
Amit Parekh
Secretary-General, VED Council
