Setting out Policy Objectives
Though about 60% of the geographical area of the State is covered by forest, industries based on forest have potential only in specified sectors due to restrictions on use of forest based products. Keeping the restrictions in view cultivation of medicinal plants and bio-fuel are two emerging sectors.There are more than 300 verities of medicinal plants that can be profitably cultivated in the State. The Government has formulated the Medicinal Plants Policy and has prioritized the list of the medicinal plants endemic to the state.
The State Government has already constituted a Medicinal plant Board. The Government has also formulated the Medicinal Plants Policy of the state and has prioritized the list of the medicinal plants endemic to the state.
The Government would encourage private sector investment in production, manufacturing and other value addition processes.
Since strong marketing initiative is the key to the success of any product, development of forward linkages with pharmaceutical industry will be given due priority.
The State is also poised for development of bio fuel sector by planting Jatropha curcas. Cultivation in fallow land for captive consumption, by buy-back agreements would be encouraged. Involvement of private investment in bio fuel sector would be encouraged through PPP framework.