The part labelled I in the diagram is called a lenticel.
A lenticel is a small, spongy pore or opening in the bark of woody plants that allows for gas exchange between the internal tissues of the plant and the surrounding environment.
Plants need to exchange gases such as oxygen and carbon dioxide with their surroundings, just like animals do. However, unlike animals, plants do not have lungs or other specialized respiratory organs. Instead, they rely on small openings in their leaves, stems, and bark to allow for gas exchange.
Lenticels are found on the stems and branches of woody plants, and are particularly important for gas exchange in older or thicker bark where gas exchange through the bark surface itself is limited. They are often visible as small, raised areas on the bark, and can vary in size, shape, and color depending on the plant species.
Therefore, the part labelled I in the diagram is a lenticel, a small pore in the bark of a woody plant that allows for gas exchange.