Union Minister of Rural Development & Panchayati Raj has inaugurated a training program on Sandalwood Farming & Management of its health. The program is structured around the basics & benefits of Indian sandalwood, seed handling, nursery techniques & managing the health of the plant.<\/span><\/p>\n Sandalwood<\/b> is a class of woods from trees in the genus <\/span>Santalum<\/span>. The woods are heavy, yellow, and fine-grained, and, unlike many other aromatic woods. Further, they can retain their fragrance for decades.\u00a0<\/span><\/p>\n Benefits:<\/b> Sandalwood has several antibacterial<\/span>, antibiotic & anti-cancer benefits amongst others. Hence, it finds its uses in pharmaceuticals, personal care & furniture.<\/span><\/p>\n Sandalwood and India:<\/b> Sandalwood has been long associated with the Indian heritage & culture, as the country contributed 85% of the world\u2019 sandalwood trade erstwhile. However, of late this has been declining at a fast rate.<\/span><\/p>\n Largest Growers of Sandalwood:<\/b> Globally, India & Australia are the largest growers of sandalwood. On the other hand, the biggest markets lie in the United States, China, Japan & the Indian domestic market.<\/span><\/p>\n In 2020, the world sandalwood market stood at USD 300 million. The World Trade Research has pegged the market size at USD 3 billion by 2040.\u00a0<\/span><\/p>\n Identifying this tremendous growth potential, the Government of India has laid emphasis on preparing for the upcoming demand from right now by creating export quality products.\u00a0<\/span><\/p>\n This can be achieved by taking up multiple initiatives like establishing Sandalwood Technology Innovation centres<\/strong> in the growing states, value addition in training & skill development<\/strong> as well as introducing new methods of cultivation<\/strong> amongst farmers & young entrepreneurs.<\/span><\/p>\n Source: <\/b>This post is based on the article \u201d<\/b>Union Minister inaugurates training program on Sandalwood Farming & Management of its health<\/b>\u201d <\/b>published in PIB on 10th October 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News Union Minister of Rural Development & Panchayati Raj has inaugurated a training program on Sandalwood Farming & Management of its health. The program is structured around the basics & benefits of Indian sandalwood, seed handling, nursery techniques & managing the health of the plant. What is Sandalwood? Sandalwood is a class… Continue reading Union Minister inaugurates training program on Sandalwood Farming & Management of its health<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[10270,10271,10272],"class_list":["post-140725","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-major-crops-and-cropping-pattern","tag-sandalwood-farming","tag-training-program-on-sandalwood-farming-management","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704655421},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/140725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=140725"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/140725\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=140725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=140725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=140725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is Sandalwood?<\/b><\/h5>\n
Future Prospects of Sandalwood Market<\/b><\/h5>\n