Vaitarna parent group closer to snagging new logging permit
The India-based Coffee Day Group has moved one step closer to obtaining a Timber Sales Agreement (TSA) for its concession in Region Nine, after completing the Environmental and Social Impact Assessment (ESIA).
A TSA would allow the company to harvest logs. The company, through its subsidiary, Vaitarna Holdings Private Inc (VHPI), already holds a TSA for another concession and has been under the spotlight recently for its log exports and its failure to set up the processing facility to which it had committed.
V G Siddhartha, owner of the Coffee Day group which controls the two concessions amounting to 1.82 million acres of forest in Guyana, recently said that a processing centre for logs will be …..To continue reading, login or subscribe now.