give an account of development of paper industry in India
Answers
Indian paper industry can see a round of consolidation and collaboration among different players in the next few years so that the rapidly changing manufacturing technologies and greasy joints can be availed for raw materials. This conclusion could leave more than 10 big players in the domestic market next to the 28 leading people. The industry, which relies heavily on wood pulp for the manufacture of paper and paper-based products, is also trying to expand the base of its raw material to the lower cost of inventions. It also means that there is huge potential for the area, which can be accomplished through the use of new technologies. In the last five years to advance the balance sheet, the Indian paper sector has invested Rs 20,000 crore on capacity enhancement, machinery upgradation and acquisition. Now, the field companies are demanding to advance their balance sheets. This area is impossible for any significant capacity addition or announcements to the supervisor, because the existing capabilities have not yet completely gone wrong. Although this sector is excited to further capacity, decision in this regard will depend on how often companies can develop their financial companies. The area facing the issue of increasing input (wood) has now been increased due to renewed emphasis on agro-forestry and softening of meat costs. Now with the introduction of some state-of-the-art pulp and paper machines, less operating costs and better quality will affect.
In the domestic paper sector, there is a possibility of slight improvement in the demand due to higher GDP growth in the country from education and corporate sectors in FY17. India Ratings and Research (IND-R) expects that major sector companies will report a slight improvement in revenue growth in FY17, which will be primarily driven by volume growth of 7-8%. Behind the growing demand of education and corporate sectors, this will be based on the growth of the estimated GDP of 7.4% in FY16. Import pressure is likely to continue in FY16 and it will depend on the currency of competitive currency, mainly Chinese Renminbi, Thai Baht, on the limit of devaluation. As a result of increase in import pressure, continuous pricing pressure may be in coated paper and unique paper segments. With the continuous efforts of agricultural forestry of paper mills, with the constant efforts of high wood prices, there has been an increase in the availability of timber in the surrounding areas, thereby reducing the purchase cost of average timber for mills. It is believed that the use of high capacity, strong demand approach, environmental friendly and value-added products and advancement in capacity expansion are the main signs of the industry's attractiveness for the medium term.
Solution:
It was 1812 when first machine made paper was manufactured in India.
At that time, around 15 mills produced approx lakh tones.
However, with the rise in educational facilities, the demand of paper consequently increased and has been raised by 75000 tonnes per year since then.