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Bengal to have a large presence in Paperex2019

Paper exports in last 3 years has grown from 660,000 tons to 15,00,000 ton from India. The Indian paper industry is likely to grow at the rate of 12% per annum for next 5 years and the overall paper consumption is projected to increase to 24 million tons in 2024-25 from 15 million tons currently. Paperex 2019 is being held in new Delhi from Dec 6-9.

, ET Bureau|
Dec 02, 2019, 01.30 PM IST
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Paperex-website
Kolkata: West Bengal is participating in a big way in Paperex2019, the world's largest paper show. About 29 mills and few big listed companies like ITC Paper, Emami Paper, West Coast Paper, BILT are participating in the show. Apart from them more than 300 small and medium sized companies and traders from the state will take part in the show.

There are 32 running mills in West Bengal producing close to 21 lakhs ton paper per annum.

Paper exports in last 3 years has grown from 660,000 tons to 15,00,000 ton from India. The Indian paper industry is likely to grow at the rate of 12% per annum for next 5 years and the overall paper consumption is projected to increase to 24 million tons in 2024-25 from 15 million tons currently. Paperex 2019 is being held in new Delhi from December 6 - December 9.

Mr. J P Narain, VP, Indian Paper & Manufacturers Association and CEO of Century Paper said, “Paper industry is going through the transformation phase and few big paper company's are doing expansion to meet their region or product or category-specific demand. Overall paper consumption is projected to increase to 24 million tons in 2024-25 from 15 million ton currently. I believe there will be a consolidation within the industry and we will see more players doing merger and acquisitions activity to complement each other. Since it’s a manpower driven industry the same will generate jobs both directly and indirectly. Contributing to Nation's development, India's quality paper producers serve the need for Printing, writing, packaging, publishing, note book and stationery sectors.”
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