Santalum album commonly known as East Indian Sandalwood or Chandan belongs to the family Santalaceae. It is highly valuable and becoming endangered species. This tree help in many different ways either it can be used for making furniture,paper,medicines etc. due to it’s different uses it is very demanding in India. Sandalwood Cultivation got banned in the year 2002 in India because people are doing business from it . But like after few years this ban got removed .
Sandalwood Cultivation is widely famous in the southern part of India some state like ( tmail nadu, Karnataka , Andhra Pradesh ) in these places this tree is cultivated in huge area .
As the Tree has many properties that’s why the demand is really high as compared to any other wood . People make huge of money by Sandalwood Cultivation right now it is distributed all over the country and more than 90% lies in Karnataka and Tamilnadu covering 8300 sq kms. Sandalwood plays an important role in the religious life of Indians.The essential oil obtained from this wood has occupied significant place in perfumery industries/market. Although it is available in some other countries still the Indian Sandalwood has retained its dominance over all other sources because of its quality.
As you have seen This tree having various features which will help in our daily life Indian Sandalwood has retained its dominance over other sources because of its quality.
Now as per the international market Sandalwood is in high demand (about 30,000 metric tons and oil 2000 tons) and right now the demand doesn’t meet . Due to which there is a sudden rise in sandalwood price .
EXPECTED PROFIT PER ACRE OF SANDALWOOD PLANTATION IS 4 TO 5 Cr INCLUDING OIL EXTRACT