An Indian company that took over a forest concession in a biodiversity-rich area has been granted an additional concession to harvest lumber, which it will ship to India to make furniture and this was only disclosed yesterday by the government after questions were asked.
The forest area held by Vaitarna Holdings Private Inc. (VHPI), a subsidiary of Coffee Day Limited of India under its local subsidiary Dark Forest Company (S) Pte Ltd (DFCPL) has been increased to 737,814 hectares of forest (around 1.822M acres) after it acquired the second concession. The government further disclosed that it had accepted $600M from the Indian company for the expanded acreage and this
