The domestic paper producers may have cause for cheer, whereas the printers, publishers and paper buyers are at distress. The Government intends to impose safeguard duty of 20% on paper in order to protect domestic manufacturers from a surge in paper imports.
The bottom-line of all newsprint manufacturers in the country is already affected following a substantial fall in the price of newsprint in the international market during the last couple of months. The situation may worsen with the further 3% cut in the custom duty on the imported newsprint announced by the Union Government. Recently the finance ministry has exempted newsprint,
Indian paper industry with more than 550 mills is producing over 8 million tons of paper, paperboard and newsprint, which may go up to 15 million tons by 2015 and around 20 million tons by 2020. Most of the mills have already gone for expansion and upgradation of their plants as well as for modernization of their processes to make
Another valuable perspective to include in this issue is that of the paper converters. The converters (printers, publishers, packaging companies etc.) presented views which arose from their own individual markets, and how they perceived changes in their demand structure. This is what they had to say.
The paper industry's anticipation: a reasonably safe journey through the recession We can truly acknowledge the New Year if we can acknowledge how are economy, and our lives changed in 2008. For our first issue of 2009, we talked to people who have been in, and run the industry at its vanguards. They have seen it through major changes, and