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Government of Karnataka has leased 30,000 Ha. of forest land to the Company for development of captive forestry. The Company, with the financial assistance of Government of Karnataka, the Overseas Development Agency and the Commonwealth Development Corporation, has fully developed the captive forestry, which at present meets about 75% of the pulpwood (1,25,000 MT) requirements of the Company. In a situation of scarce availability of raw-material in the Country, the pulpwood from the captive sources will be sufficient for the Company from FY 2008 and onwards. The Company, in addition, has also developed forestry in 330 acres of land, in association with M/s. BEML at its plant at Kolar and Mysore. The species of pulpwood grown in the captive forestry are pines, Acacia, Eucalyptus.
The balance quantity of 75,000 MT. of pulpwood is met by the company from the Governmental sources like, KFD, KFDC and KSFIC and directly from the local suppliers and farmers under gate purchase scheme.
The Company has submitted to Government of India, a 100% Grant-in-Aid Greening India Project of Rs.12.00 Cr. for further development of infrastructure in nursery and plantations of the Company.
The company is in the process of obtaining carbon credit (Rs.3.00 to 4.00 Cr. per annum), wherein, the biomass generated by the plantations will be sold and carbon credit obtained from the donor agencies.
Under Farm Forestry, the Company is developing high yielding colonel varieties of pulpwood / seedlings for its own use and also distributed to the local farmers at subsidized rates.
Contact Information :
Sri. K.S. Aralikatti, IFS
Director (Forests)
Tel : 08282-270094 (O), 94481 50066 (M)
E-mail : dirforests@mpm.co.in
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