Two years on…Indian logging firm still to build processing plant
Start-up logging company, Vaitarna Holding Private Incorporated (VHPI) has not yet set up a promised wood processing plant here but company director Chethan Narayan has assured that such a facility is on the cards and the company is doing the groundwork.
“We are still working on it,” Narayan told Stabroek News when contacted last week. VHPI is a subsidiary of the India-based Coffee Day Group. Coffee Day, through its Dark Forest subsidiary, in 2010 acquired the State Forest Exploratory Permit (SFEP) for 391,853 hectares of forest originally awarded in 2007 to US-based Simon and Shock International Logging Inc (SSILI), after buying out SSILI.