Paper - #SectorUpdates
In India, there are more than 861 paper mills among which roughly 526 are operational and has total installed capacity of 27.15 million tones making the Indian paper industry both diverse and large. The consumption of paper in India is anticipated to increase by 6-7% annually over the course of the next five years, reaching 30 million tonnes by the year FY27, making India the world’s fastest-growing paper market. Our domestic paper market is worth Rs 80,000 crore. The growth is largely driven by emphasis on education and literacy coupled with growth in organized retail. In recent years, this sector has undergone a sea of change. The sector has advanced significantly in both sustainability and technology. In the last five to seven years, over Rs 25,000 crore has been invested in this sector for building more efficient and cleaner technologies.