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The Maharashtra government has decided to form a Bamboo Promotion Foundation to promote bamboo products in the State with the help of Tata Trust.
The decision to form the foundation was taken at a State Cabinet meeting on Tuesday, a statement issued by the Chief Minister's office said.
The seed capital of ₹20 crore for the foundation will be provided by the State government. Tata Trust has committed ₹5 crore to the foundation, the statement said.
Out of the total forest cover in Maharashtra, about 13 per cent is covered by bamboo. A State government committee was also set up in 2017 for promoting bamboo, which had recommended the formation of the foundation.
The foundation will help in strengthening the bamboo growing areas in the State, create a marketplace for bamboo trade and set up three clusters for creating bamboo products. It will also implement the bamboo based incense stick project. For promoting bamboo the Foundation will also create a knowledge and information centre, the statement said.
In 2016, the State government formed Bamboo Research & Training Centre, Chichpalli, Chandrapur.
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