The rapid expansion of teak plantations, however, pose a risk of undermining the reputation of teak in global market place because of the wide variations in wood quality with the net effect of reducing the prices and therefore the financial viability of teak planting programmes. [...] India, being the largest market of teak timber in the world was selected to host the 5th version of the conference at the closing ceremony of the 4th World Teak Conference and would be organized by Kerala Forest Research Institute (KFRI), India and TEAKNET, India in collaboration with different National (MoEF & CC, ICFRE and DST) and international organizations (ITTO, IUFRO and FAO). [...] The rapid expansion of teak plantations, however, poses a risk of undermining the reputation of teak in global market place because of wide variations in wood quality with the net effect of reducing the prices and therefore the financial viability of teak planting programmes. [...] Upon initiation of the project, the Project Steering Committee (PSC) will be established, the primary role of which is to oversee the implementation of the work plan, approve expenditures within the budget, review the activities that have been carried out, and review and propose changes in budgets and activities. [...] payments to the Executing Agency) may be taken; • To propose and participate in any necessary reviews of the Projects as a result of these assessments; and • To report to the Committees and the Council on the situation and completion prospects for the Project.
- Pages
- 42
- Published in
- Japan
