E-auction of red sanders logs from April 9
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Govt. expects to earn as much as ₹120 crore by way of sale of 318 tonnes of ‘A’ grade selection
The Forest (*9*) has ready a schedule for the worldwide e-auction of the seized red sanders logs.
The red sanders (Pterocarpus santalinus) is among the many endangered tree species present in Chittoor, Kadapa, Kurnool and Nellore districts of Andhra Pradesh.
There have been no auctions for the final one-and-a-half years for numerous causes, major amongst them being the outbreak of COVID-19.
According to data, the federal government will subject a single notification for the three-phase auctions on April 9, 16 and 23. About 318 tonnes of ‘A’ grade red sanders logs will go underneath the hammer this time.
The seized logs have been stocked on the central godown in Tirupati.
The authorities may promote 1,251 tonnes of ‘A’ logs in 13 phases between 2014-15 and 2018-19, and earn ₹505 crore at a mean worth of ₹40.3 lakh per tonne.
Logs weighing 8,179 tonnes, which embrace A, B, and C grades, have been bought until date, fetching greater than ₹1,666 crore.
Principal Chief Conservator of Forests N. Prateep Kumar says that the public sale is predicted to fetch as much as ₹120 crore. The course of for the sale of different grades too is underneath manner.
“The Ministry of Environment, Forest and Climate Change (MoEF) has given an in-principle approval for the auction. The Directorate General of Foreign Trade (DGFT) will give export permission. We will conduct the auction from April 9,” says Mr. Kumar.
In reality, the deadline to promote the red sanders logs seized from the smugglers resulted in December 2019.
However, with the Forest (*9*) approaching the Centre in search of renewal of its approval, the State has been permitted to promote the seized logs until the tip of December 2020.
However, the federal government, as a result of outbreak of the pandemic, couldn’t conduct the public sale as the worldwide gamers demand bodily verification of the inventory.
The division, due to this fact, sought extension of the licence, which was authorized by the Central authorities.
Now, the federal government can promote the red sanders logs until December 2021, Mr. Kumar says.
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