Forest department officials cut down trees to make way for a motorway in India's Assam state, in 2010. EPA
Forest department officials cut down trees to make way for a motorway in India's Assam state, in 2010. EPA
Forest department officials cut down trees to make way for a motorway in India's Assam state, in 2010. EPA
Forest department officials cut down trees to make way for a motorway in India's Assam state, in 2010. EPA

India to chop down 2.3 million trees to make way for big infrastructure projects


Taniya Dutta
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India will cut down 2.3 million trees to make way for large-scale infrastructure projects across the country, a move that has triggered widespread condemnation from environmentalists.

Federal Environment Minister Ashwini Choubey told parliament on Thursday that his ministry had cleared about 90 projects, including motorways, airports, ports and thermal power infrastructure.

Many of the projects will cut through protected areas and require a lot of trees to be felled.

“Over the last three years [2020 to 2022], about 31 projects related to highways, 11 projects related to ports, 15 projects related to airports, 20 projects related to river valleys and 10 projects related to thermal power plants have been granted environmental clearance by the ministry,” Mr Choubey said.

“Out of these, three projects are related to highways which are passing through protected areas. About 2.3 million trees have been proposed to be removed for the development of these projects.”

He told the parliament that a compensatory tree-planting drive would be carried out.

Mr Choubey spoke about the projects after opposition Congress politician Vivek Tankha raised questions about environmental clearances for infrastructure projects and asked whether the projects would pass through protected areas.

The response has drawn criticism and outrage from environmentalists and others, including journalists.

“While most of the cities of India are gasping for breath and have a poor to severe air regime, the government in its ‘wisdom’ of ‘growth’ proposes to CHOP over 2.3 million (23 lakh) trees,” environmentalist Vimlendu Jha said on Twitter.

“Do we realise that we're building a breathless nation? Why can’t we ‘build’ around trees and not over them?”

Some people also questioned the government’s decision of felling trees at a time when the Himalayan Hindu pilgrimage town of Joshimath was crumbling due to subsidence.

When asked about the sinking town, where about 700 buildings developed large cracks because of subsidence due to infrastructure projects, and whether the projects in the region were subjected to environmental and social impact reviews, Mr Choubey said “all assessments are project specific”.

Experts have attributed the subsidence to the rampant infrastructure construction, which they said had damaged the region's ecological balance.

Mr Choubey’s response has irked many who have called it “business as usual for the government”.

Film director Veena Bakshi said the 2.3 million trees earmarked for chopping down amount “to an entire forest. Just another day for a government who hasn't batted an eyelid at the subsidence of Joshimath”.

Renowned journalist Pamela Philipose said: “Looks like we will have to reconcile ourselves to more Joshimaths … Environment minister (do you know his name even?) says 2.3 million trees will be removed for mega infrastructure projects. Business carries on, environment be damned!”

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Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

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If you go:
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The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
Harry Potter and the Cursed Child is on now at the Palace Theatre. Tickets need booking significantly in advance
Entrance to the Harry Potter exhibition at the House of MinaLima is free
The hotel: The grand, 1909-built Strand Palace Hotel is in a handy location near the Theatre District and several of the key Harry Potter filming and inspiration sites. The family rooms are spacious, with sofa beds that can accommodate children, and wooden shutters that keep out the light at night. Rooms cost from £170 (Dh808).

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Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

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Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

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Power: 268bhp / 536bhp
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Transmission: Single-speed automatic
Max touring range: 620km / 590km
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Price, base: Dh228,000 / Dh232,000 (est)
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Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 552Nm
Fuel economy, combined: 12.5L / 100km

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Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

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Updated: February 03, 2023, 7:30 AM