AKIPRESS.COM - The Narendra Modi government plans to spend a staggering $6.2 billion to increase India’s green cover, reports Quarz.

The bill—called the Compensatory Afforestation Fund Bill, 2015—has already been passed by lawmakers in India’s lower house this week. The aim of this project is to increase India’s forest cover from 21.34% of the total land to 33%. The bill is now waiting to be passed by the upper house, the Rajya Sabha.

This money comes from the fee paid by various private companies and other entities to the Indian government since 2006 for allowing them to set up projects on forest land. The bill, which was introduced in the Lok Sabha last year, proposes that the state governments be provided 90% of the accumulated funds, with the remaining being kept with the central government.

“Our forest cover will dramatically increase and it will result in achieving our target 33% of tree cover and most importantly 2.5 billion tonne of carbon sink as we have indicated in our intended nationally determined contributions (INDC),” India’s environment minister, Prakash Javadekar said on May 3.