Imports from ASEAN countries was up a staggering 67% in FY17; Chinese shipments were up 44%
Paper mills in the country are finding it difficult to tap the growth potential, which is in tune with the Gross Domestic Product (GDP) growth, due to import of cheaper paper from ASEAN countries, said Saurabh Bangur, president, Indian Paper Manufacturers Association (IPMA) and vice chairman of West Coast Paper. The industry in India has not been expanding capacity for the past 12 months or more, owing to this challenge.
“As per Directorate General of Commercial Intelligence and Statistics (DGCIS) data, imports from this region have risen at a CAGR of more than 40 per cent during the past three years. The month-on-month rise in ASEAN imports has had a negative impact on the minds of Indian entrepreneurs and the paper trade,” Bangur said.
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