Tropik Wood Limited a Government Commercial Company, today revealed that they are planning to inject $14million into its replanting programme.
This was made known today at a commemoration ceremony marking the company’s achievement of planting 3500 hectares of pine.
Attended by the Attorney General and Minister for Public Enterprises Mr Aiyaz Sayed-Khaiyum, the company’s Executive chairman Faiz Khan told staff and the media that this was also the first time that the company was able to carry out its replanting programme “from its own pockets”.
“This is the first time that we have actually planted 3500 hectares of pine without a handout from government which used to happen in the past,” he said.
“This was done at a cost of $2million and we want to continue the same for the next seven years to be able to have the pine industry sustainable.”
However for this to happen, Tropik Wood will also need to ensure that their accounts balance in order to be able to achieve this.
Today Mr Sayed – Khaiyum saluted the company and its hard working staff for their efforts in turning the company around and added that Government remains committed to seeing the industry develop again.
“The planting that you (staff) did today is not going to be harvested in the next few years but it’s for the future generation – this is also the scope of the Bainimarama Government,” he said.
“The Bainimarama Government is also in the same mindset to invest in the future and reforms have taken place which we are not going to see next week but in the next few years.
“Government fully supports the company and is adamant that the company would be able to continue to make profits and at the same time ensure sustainability.”
-ENDS-