Investors will become growers of both Australian and Indian sandalwood, two species which dominate world sandalwood trade. This will diversify the risk of relying on a single species in a single region. There are significant areas established for sandalwood plantations. The Australian Sandalwood Plantation will be located in the south west of Western Australia while the Indian Sandalwood Plantation will be located in far north Queensland and/or the Kununurra area in WA.
The ITC Group itself is highly experienced in the operational forestry and technical aspects of the Project. It commenced its first investment project in 1992 and now manages over 50 investment schemes on behalf of over 16,500 investors.
Key features:
Lonsec has awarded the Sandalwood Project a rating of "Recommended".
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