Friday, 20 January 2017

Paper Sector grows in India but Faces Challenges

At 7 per cent, paper consumption in India is growing at a swift pace. At the same time, cheap imports are increasingly meeting the novel demand for paper and paperboard in the nation, thus discouraging novel investments from domestic manufacturers. Harsh Pati Singhania, vice-chairman and managing director (MD), JK Paper, at the 17th AGM of Indian Paper Manufacturers Association (IPMA) stated that the kind of growth that paper consumption is witnessing in the country isn’t visible in any other huge country. 

At 7 per cent, he continued, India would easily be the fastest growing paper market across the globe. But, Make in India in paper is seriously threatened in view of comparatively higher cost of raw material and soaring cheaper imports, which have been increasing at a pace faster than the growth in domestic production.

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