Potential investors in value-added forestry products are being encouraged to examine some of the manufacturing options that might be available to the private sector under an initiative launched by the Forest Products Development and Marketing Council (FPDMC).
Executive Chairman of the FPDMC Rajnarine Singh told Stabroek Business in an interview earlier this week that the state-run agency which is being supported by the local manufacturing sector is seeking to accelerate investor interest in the production of a range of value-added commodities utilising little-used but potentially lucrative “emerging species” of local timber was in partial fulfillment of the entity’s mandate to significantly accelerate the promoting of the country’s lesser known forest species.
According to Singh only around 12-15 of the more than 1,000 species of timber known to exist in the
