Paper industry voices concern as imports rise 34% in FY24
Paper industry voices concern as imports rise 34% in FY24
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Paper industry voices concern as imports rise 34% in FY24
Indian Paper Manufacturers Association raises concerns over high paper imports hurting domestic industry, urges government for higher import duties.
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Imports of paper and paperboard into India continue unabated. Following a 25% jump in FY23 in volume terms, the paper imports in the country have further gone up by a staggering 43% in the first half of FY24, reveals data released by DGCIS. The massive growth in imports is mainly due to a humungous 257% growth in imports of paper and paperboard from ASEAN, which enter the country at zero import duty under the ASEAN-India free trade agreement.
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