Agarwood is the most expensive tree in the world.
There are restrictions on exporting this wood.
This tree grows in very few places in dense forests.
The state of Tripura is the most abundant agar tree in India.
Currently, the state is trying to get special permission from the central government to export agarwood.
During the period 2016 and 2017, the price of agarwood was sold between Rs.5 lakh to Rs.7 lakh per kg in Indian value.
Its international value must have been two to three times higher during this period.
Now its price must have increased even more.
The state of Tripura has decided to export agarwood with added value rather than wooden logs.
It has decided to manufacture and export perfumes from agarwood.
The Tripura government has decided to export even the sawdust that is produced as waste while adding value to agarwood
The government has decided to set up a special export center for this purpose at the Tripura-Assam border.
Agarwood is abundant in this area.
This venture has the potential to earn a large amount of foreign exchange.
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