Get an account of the paper industry in India.
The Indian paper industry is today among the top 15 players in the world today with an output of 6 millions tons annually and a turnover of Rs. 150,000 millions. The employment provided by the industry today is around 1.5 million and contributes 25 billion to the economy of the country. Today, the pulp and paper industry is well developed and categorized as agro based, forest based and others. The country has more literate people than before and thus many improvements are seen in this sector. Today, the industries are increasing the capacity of production despite a rise in the digital world. The paper industry is set to grow in the coming years at CARG of around 9.6 % from 2012 to 2017 and increase the revenue to $ 11.83 billion by the year 2017. Printing and publishing is also carried out on a large scale as there is an increase in production and manufacturing of products of various kinds. The paper and paperboard production accounts for 1.6% of the world’s production.
Contribution of the paper industry to the economy
Globalization has been one of the main reasons for the competitiveness in the printing and paper industry. Today, India has emerged as the fasted growing paper market in the world. The industry accounts for 1.6% of the production of paper and even paper board in the world. The government has exempted custom duty on newsprint and uncoated paper printing of newspaper in order to boost production. The country has almost 660 paper mills with 38 mills that contribute to 60% of total production. There is an ample scope in printing equipment and paper production for various purposes like packaging, books, magazines, advertisements and more.
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