India's paperindustry poisedto grow 100pcin 10 years
Pti, Hyderabad
The Indian Paper Industry is poised to grow from 7.2 million tonnes in 2005-06 to 13.95 million tonnes in 2015-2016, according to Pradeep Dhobale, newly elected President of the Indian Paper Manufacturers Association (IPMA).The demand for paper is witnessing a healthy growth of 7 to 8 percent compared to 5 percent in the past. However, with only 7.2 kgs per capita consumption as compared to 350 kgs in developed countries and 42 kgs in China, the paper industry in India, holds a huge potential for growth, Dhobale said. Pradeep Dhobale, who is Divisional Chief Executive of Hyderabad-based ITC Ltd (Paper Boards and Speciality Paper Division) and has taken over the mantle of IPMA president from R R Vedarah, Managing Director Ballarpur Industries (BILT) said in a release here.
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