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New Delhi , Dec 5

THE Union Commerce Minister, Mr Arun Jaitley, said that the domestic paper industry should upgrade and become globally competitive so that world-class products were available to Indian consumers.

"At the end of the day, all consumers are entitled to get world class products, whether in manufacturing or services, and we have to prepare ourselves for such a scenario," Mr Jaitley said while inaugurating `Paperex 2003', a four-day exhibition and conference on the paper industry here.

Mr Jaitley said that with growing literacy, the demand for paper would rise and the industry, which had an annual turnover of Rs 14,000 crore and employed nearly three lakh people, had a great future.

Responding to the concerns of the sector such as high cost of capital and inadequate availability of raw material, he said that the Government was aware of the issues and was committed to take the steps required to resolve them.

Paperex 2003 is the sixth in the series of such exhibitions organised.

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