DAINIK NATION BUREAU
An Israeli trade delegation has offered Chief Minister Trivendra Singh Rawat to set up Algae and Cannabis farms in Uttarakhand. The delegation met the Chief Minister at his official residence here on Wednesday. An Israeli company Puremagic Limited informed that they are interested in producing Haematococcus pluvialis, species of algae, which is used in producing Astaxanthin which is further used in cosmetics and nutritional supplement with Israeli technology in Uttarakhand.
The Israeli company has also shown interest in farming and processing of GMP Cannabis (medicinal cannabis) in Uttarakhand which has huge demand for medicinal uses in Indian and world market. The delegation informed that Puremagic Limited company is exploring possibilities of having tie up with Indian Industrial Hemp Association (IIHA) for farming and processing of medicinal GMP cannabis ( medicinal cannabis). The Indian Industrial Hemp Association (IIHA) is the lone licensee of hemp cultivation in Uttarakhand. The Israeli delegation will also inspect the cannabis farm of Indian Industrial Hemp Association (IIHA) at Pauri Garhwal on Wednesday. With the implementation of these projects, there would be possibilities of generation of employment in agriculture, transportation, packaging and marketing fields in Uttarakhand.
Chief Minister Mr. Trivendra Singh Rawat told the Israeli trade delegation that the state government is working seriously to provide more employment opportunities, checking migration and strengthening local economies based on local resources in Uttarakhand. He assured to provide all possible support for effective implementation of the proposals.
The chairman of Puremagic Limited Avi Pallad, Chief Executive Officer Tomar Pallad, Vice-president of Invest India Priya Rawat and Industrial Advisor to the Chief Minister KS Panwar were present on the occasion.