India's forest income can touch $2 bn by 2020: WB | india | Hindustan Times
  • Thursday, Jun 21, 2018
  •   °C  
Today in New Delhi, India
Jun 21, 2018-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

India's forest income can touch $2 bn by 2020: WB

Greater involvement of community in forest management in India could help generate $2 bn income per annum by 2020.

india Updated: Apr 03, 2006 16:11 IST
None

Greater involvement of community in forest management in India could help generate two billion dollar income per annum by 2020, the World Bank said today.

"With greater community control over forest management, income from forests could rise from an estimated $222 million in 2004 to approximately $2 billion per annum in 2020," World Bank said in a report titled 'India: Unlocking Opportunities for Forest-Dependent People'.

The report estimates this potential rise from the current community-based Joint Forest Management (JFM) programme that covers 27 per cent of the national forest area across India, and encompasses 85,000 village communities.

The report draws heavily from background studies in Assam, Jharkhand and Madhya Pradesh.

"With improved forest productivity and policy reforms for community forestry, many communities could earn up to Rs 10 lakh or more in cash income per year," Grant Milne, Senior Natural Resource Management Specialist and lead author of the report, said.

The net value of domestic fuel-wood and fodder could be worth $1.1 billion a year, ecological and eco-tourism values from current JFM forests could be as high as $1.7 billion.

"Given improved technology and better market access, many communities could evolve higher level value added activities and generate even greater returns," he said.

Forests offer excellent potential for poverty reduction and rural economic growth in India while also supporting critical national conservative goals, Milne said.

World Bank is discussing with Jharkhand and Madhya Pradesh for projects to improve livelihood of communities and strengthen conservation of forests.