[Assam] Touch and vanish resources of Assam

[Manoj Das]

Raiz

I tried to compile a figure on Assam's resources, which has probably not
touched the state's economy much. Feedback on the figures most welcome.
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(At current prices)***

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Item name

Average Annual

Unit

No. of Years

Current average market price per unit($)

Total Amount per year (US$ Billion)

Total since 1947

(US$ Billion)

Basis

Crude Oil

+ Natural Gas, All Waxes, PetCoke

4.5 Million+

5.5

Million

MT

47 since 1961



$805

4.4



208.0

1MT=7.2 barrels (Oil India produces 3.4 Mn MT per year and ONGC produces 1.2
Mn MT per year- ONGC used to produce upto 3 Mn MT sometime back)

Tea

475 Million

Kg

61

5

2.4

144.9

India produces 850 mn Kgs of tea per annum, Assam's share is 55%)

Timber

50 Million

Cft

35

3.5

0.18 (not to be added to current year)

6.1

(Assam used to supply upto 90% of India's plywood demand. The log felling
ban has put an end to legal logging operations)

Coal

10 Million

MT

61

150

1.50

91.5

(Annual average production of NECF is about 10 lakh MT. Price of Steel grade
is Rs. 7500 per MT and for non Steel

Bamboo

LS

-

30

-

0.50

15.0

(HPC and paper mills outside Assam has been exploting the bamboo wealth of
Assam for past 30 years)

Others

LS

-

61

-

2

122.0

Others like Agar, agarwood, Shellac, minerals, silk, medicinal herbs,
spices, animal produce etc.

















*Total*

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* *

* *

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*14.3*

*801*

* *

*At $Bn=4000 croreRs. *

*The amount becomes Rs. 32 Lakh Crores.*

*32,000,000,000,000=*

*Thirty two Trillion Rs*