Paper imports continue unabated and several players are wary of further investments. Therefore, lack of investments in the industry will affect millions of farmers involved in agro-forestry and earning livelihood, says Indian Paper Manufacturers’ Association
By Sai Nikesh D
Large scale new investments planned in India’s paper industry with an estimated current turnover of Rs 50,000 crore, have been put on a backburner as a result of rise in cheap imports, says Indian Paper Manufacturers’ Association (IPMA).
When asked if they had raised with the government, it said, “We have asked the government to impose 10% special additional duty on imports of paper and paperboard on actual use basis and for bringing the basic customs duty on import of the same from ASEAN countries back to the Most Favoured Nation (MFN) rate.”
This article was published in The Dollar Business on July 16, 2015