Saturday, July 12, 2025
spot_img

Laos firm eyes state for agar trade

Date:

Share post:

spot_imgspot_img

GUWAHATI: The HSMM Group, which has the largest agarwood and agar-based product company in South East Asia, is exploring avenues to develop agar trade in Meghalaya.
The Laos-based company had recently initiated discussions with the Meghalaya government for the adoption of agar policy in the state.
“We had, a couple of months back, initiated discussions with the government for adoption of agar policy in Meghalaya. In this regard, our company will soon sign an MoU with the state government for the development of agar industry in the state,” Habib Mohammed Chowdhury, the founder chairman of HSMM Group of Companies, informed The Shillong Times here on Wednesday.
Large areas across Meghalaya are under agar plantation and a policy would lend momentum for the trade to flourish.
Chowdhury, who hails from Hojai in Assam, has been closely monitoring and actively participating in developing the agarwood business across the North East over the past decade.
In 2010, he helped the Nagaland government to formulate a policy to officially allow agarwood industry to flourish in the state.
In Manipur, his company has recently signed an MoU with the state government for agar plantation while working closely for the adoption of a policy on the industry. The Manipur government has given 625 hectares land for agar plantation to his company.
In Assam, the company had inked a similar agreement with the state government following the Advantage Assam: Global Investors’ Meet in Guwahati last year.

spot_imgspot_img

Related articles

DRDO and IAF successfully test Astra BVRAAM with indigenous radio frequency seeker from Su-30 Mk-I

New Delhi, July 11: In a significant boost to India's self-reliance in defence technology, the Defence Research and...

Mayank Yadav’s rehab likely to start in coming weeks after undergoing surgery in Christchurch

New Delhi, July 11: Tearaway fast bowler Mayank Yadav is likely to begin his long rehab in the...

Pakistan: 98 killed, 185 injured as monsoon rains wreak havoc

Islamabad, July 11: Torrential monsoon rains and flash floods have claimed at least 98 lives and left 185...

India’s purchase of Russian oil helped bring down global prices: Hardeep Puri

New Delhi, July 11: Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday that India’s...