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The estimated turnover of the industry is Rs 25,000 crore.
"The pulp and paper industry will grow at an estimated CAGR of 7-8% over the next decade. The installed capacity in the country is also slated to grow to 11.2 million tonne per annum by 2010 from the current level of 9 million tonne," said outgoing IPMA president Pradeep Dhobale. He was speaking at the annual general meeting of IPMA.
Orient Paper & Industries' MD, M L Pachisia has taken over as the new president, while of Star Paper's MD, Madhukar Mishra, will be the new vice president of IPMA.
Mr Dhobale added that the industry is targeting a capital expenditure of over Rs 13,000 crore in the next 2-3 years, towards capacity expansion, modernisation and enhancement of efficiencies...
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