CHANDIGARH, MAY 10 — A significant shift for Punjab’s forest management and economic policy, the state government has approved the open auction of forest assets for the first time in nearly 50 years. The decision, which addresses a long-standing demand from the Punjab Retired Forest Employees Welfare Organization, allows for the transparent public bidding of timber, often referred to as “Green Gold.”
The Welfare Organization affirmed that a government directive issued on April 16, 2026, cleared the path for the auction of green fallen and dry standing trees within forest areas. Officials maintained that this transition to open bidding will ensure the Forest Department receives fair market value for its resources. While the Punjab State Forest Development Corporation Limited had previously managed this process, the new policy seeks to maximize revenue directly for the state treasury.
Madhu Bhushan Kaura, General Secretary of the organization, declared that the move is a potential “game changer” for the state’s economy. He maintained that securing market-driven prices for forest property could contribute hundreds of crores of rupees to the exchequer. The organization expressed gratitude to the state administration and senior forest officials, asserting that the step will enhance transparency while serving as a turning point for Punjab’s financial health.
