India, May 15 -- Assam has marked a significant milestone in its agro-forest economy with the first legally approved export of agarwood chips to Saudi Arabia and the United Arab Emirates, opening a new chapter for an industry with vast global demand and strong revenue potential.

The consignment, comprising 100 kg of agarwood chips to Saudi Arabia and 12 kg to the UAE, was dispatched from the cargo terminal of Lokpriya Gopinath Bordoloi International Airport on Wednesday. The shipment was valued at Rs 2.35 crore.

First export with full regulatory approval

The consignment was exported after securing all statutory clearances, including a CITES permit and a restricted export licence from the Directorate General of Foreign Trade (DGFT). The...