Sandalwood was initially regarded as the state’s leading economic engine, with the state’s entire budget reliant on its production.
After a thorough investigation by the authorities, permission is granted to take down a sandalwood tree in private possession.
The tree is cut down and sent to the sandalwood depot, auctioned off when the proper paperwork is completed. And today, the number of people cultivating this priceless tree in their own homes is rising dramatically.
What are some of the characteristics of Indian Sandalwood?
- Aromatic Indian Sandalwood is widely sought after because of its enticing aromas.
- Sandalwood oil is utilized in various products, including fragrances, cosmetics, aromatherapy, and even medicine.
- Sandalwood is a rare and expensive wood that is often used in carving.
- Up to 6% of Indian sandalwood’s oil and around 90% of its if and santalols make up the substance (which is the highest).
Demand for sandalwood (approximately 20,000 metric tons and oil 1000 tons) in the international markets has led to a sharp spike in sandalwood prices due to a lack of supply. Sandalwood cultivation is a very booming industry that requires very little upkeep.
The correct temperature, location, soil, and irrigation system are prerequisites for a thriving sandalwood plantation. You must plan out the whole procedure in advance to maximize your return on investment (ROI) (Return on Investment).
Prerequisites for the Climate:
Temperatures in the tropical and subtropical zones are ideal for growing sandalwood trees. Temperatures between 12 and 40 degrees Celsius are needed for cultivation, and the site must be at a reasonable elevation (preferably 2000 to 3500 feet above sea level).
Requirements for the Soil:
Because of its adaptability and tolerance for harsh conditions, the sandalwood tree is capable of growing in a wide range of soil types from sandy to clay-rich. There should be a range of 6 to 7.5 in the soil pH.
Sandalwood plants need less water to grow than other plants. It is necessary to water the young sandalwood plants every 2 to 3 weeks in the summer. However, they may not need to be watered in wet weather.
An investor may make a lot of money cultivating sandalwood since it is the only wood in the world sold by weight. Sandalwood may be purchased for anything from Rs 3,000 to Rs 7,000 per kilogram, with the best sandalwood fetching as much as Rs 10,000 per kilogram. Eight years after planting, a sandalwood tree begins to produce its heartwood, which is available for harvest in 12 to 15 years. Sandalwood is in high demand, both in the United States and abroad. As a result, growing sandalwood is a certain way to make a lot of money.
5000 kilograms of sandalwood may be harvested from one acre of land. An acre of sandalwood cultivation would cost between Rs 8 and 10 lakh, but the profits may be as high as Rs 1.5 crore to Rs 2 crore.
Invest carefully and get the rewards of your hard work!