![]() Financial Daily from THE HINDU group of publications Monday, Nov 17, 2003 |
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Industry & Economy
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Paper, Board & Newsprint Kolkata paper traders' plea to revive industry Our Bureau
Kolkata , Nov. 16 THE Calcutta Paper Traders' Association (CPTA) has urged the West Bengal Government to take a fresh initiative to revive the State's paper industry. The State, once a pioneer in the industry, has been virtually wiped out from the country's paper production map. The State has almost been converted into a paper-importing State in the aftermath of the closure of Titaghur Paper Mills, Indian Paper and Pulp, Bengal Paper Mills, Universal Paper Mills, while a few small players such as Nayek Paper Industries, East India Paper and Board Mills, Supreme Paper Mills, Arambagh Paper Mills and Everest Paper Mills are fighting for their existence. Addressing members at its 85th annual general meeting here, the CPTA's President said that there was ample opportunity for rejuvenating paper in the State in view of the fact that the national demand for paper and paperboard, which was about six million tonnes, including newsprint, was expected to be doubled in the next 15 years. What the State required was that partnership for the revival of the sick paper units and also for fresh investment in the new units with appropriate planning for modernisation and diversification. States such as Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, Gujarat, Punjab, Uttar Pradesh and Orissa were playing an important role for the continuous growth and development of the domestic paper industry.
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