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Singapore and India want to start timber processing in Far Eastern Federal District - EastRussia | Far East

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Singapore and India want to start timber processing in Far Eastern Federal District

Singapore and India want to start timber processing in Far Eastern Federal District
Photo: www.investvostok.ru

A project to create a timber processing complex is to be launched in the Far East by the Singapore-based Sudima company and its Indian partner KG. Investors intend to become residents of the TOP and are now collecting the necessary documents.

During the WEF-2019, investors signed an agreement with ANO IPA. It is estimated that the project will cost about $ 200 million. The company will produce furniture panels, lumber and pellets, will build it in the Trans-Baikal Territory.

Specialists of both companies have already inspected possible production sites, independent auditors have begun work to assess the resource base. This year, investors plan to get a cutting area and begin construction and installation works.