Assam's Agarwood Chips Ship to Saudi Arabia, Unlocking $5B Industry Potential
On May 13, Assam shipped its first legal agarwood chips to West Asia, specifically Saudi Arabia and the United Arab Emirates. This move marks a significant milestone for India's burgeoning agarwood industry, which has the potential to grow into a ₹50,000 crore (approximately $7 billion) business. The shipment is part of a broader initiative to address environmental concerns and provide sustainable alternatives to illegal trade.