Touchwood to generate forex from Sandalwood

Touchwood Investments Ltd (TIL), the pioneer company marketing and managing private forestry plantations in Sri Lanka commenced operations in Sri Lanka seven years ago by introducing managed forestry plantations of Mahogany with a vision to "help stop the destruction of our rainforests," a media release from the company said.

The company provided a new opportunity for clients to diversify their investment portfolios by adding private forestry lots as an additional measure to secure a dignified retirement or provide a good financial future for children while protecting natural forests.

TIL's concept has been increasing in popularity among the public due to its excellent profit while focusing on the needs of people. TIL's expertise, credibility, transparency and safeguards in place to manage our plantations secure the investments of over 14,000 clients worldwide.

The release said TIL's successful operations have delivered consistent growth year on year and to continue these impressive results TIL has identified Sandalwood, botanically known as Santalum Album as a species suitable to be grown in Sri Lanka and provide clients with a high income due to the worldwide demand.

Today Sandalwood oil is one of the most valuable natural products in the essential oil trade with an ever increasing demand and a diminishing global supply. The global demand of Sandalwood is estimated at between 6,000 - 7,000 tonnes per year.

India, the largest producing country, accounts for about 75% of the supply, while Indonesia accounts for about 20%.