paperboard imports

India's paper and paperboard imports have risen by 3.5% in the first half of the current fiscal year, driven by a surge in shipments from China. This increase in imports, despite sufficient domestic production capacity, is negatively impacting the growth of the Indian paper manufacturing industry.

India's paper imports have surged by 43% in the first half of FY24, following a 25% increase in the previous fiscal year. The growth is primarily driven by a remarkable 257% rise in imports from Asean nations, which benefit from zero import duty under the Asean-India free trade agreement. In H1 FY24, imports of paper and paperboard reached 959 thousand tonnes, compared to 672 thousand tonnes in H1 FY23. The value of paper and paperboard imports also rose by 10% during this period, amounting to Rs 6,481 crore.

Increasing paper imports has become a cause of concern for the paper industry, which is seeking import restrictions as many paper factories seeking import were operating at just 85% of their rated capacities.

Diversified group ITC on Saturday said it has tied up with Linde India Ltd to import 24 cryogenic containers to transport medical oxygen.

The tobacco-to-hospitality major, ITC Ltd, is effecting changes in its organisation structure and preparing the group's younger leaders to lay the bulwark for becoming the county's top FMCG player.

Multi-business enterprise ITC Limited will invest a whopping Rs 8,000 crore in Telangana, its chairman, Y C Deveshwar said on Friday at the launch of the Telangana government's new industrial policy at HICC.

“These measures would help energise creation of sustainable sources of fibre required by Indian pulp and paper industry,” noted the ASSOCHAM pre-budget recommendations on indirect taxes submitted with the Union Government.

Pension funds from Canada are keen to invest in India’s infrastructure sector while cooperation between the two countries could be strengthened in agriculture , energy, logistics, waste management and education.

India's commerce ministry has recommended anti-dumping duties of 23-30% on solar cell imports from China for three years. This action aims to protect domestic manufacturers from cheap imports, which the DGTR found were sold below normal value, causing injury to local producers. The finance ministry will make the final decision on imposing these duties.

Government officials from Canada's Manitoba state will interact with businessmen in Rajkot on Friday to draw a road map.

The collaboration is being facilitated by Ahmedabad-based Global Network.As part of the efforts to improve trade between Manitoba and Gujarat, roadshows were held in Rajkot and Kutch last week.

India's total imports from China increased by nearly 29 per cent in the past five years. Compared to 2017-18 and 2021-22, the annual imports from China rose from $89714.23 million to $115,419.96 million, Union Minister of State for Commerce and Industry Anupriya Patel informed Lok Sabha.

The data also revealed that 78% of the Port's imports in fiscal 2014, valued at Rs 39980 crore, were crude petroleum.

ITC, the tobacco-to-FMCG-to-hospitality major, has witnessed after many years a flat growth of 0.7% in net profit for the quarter ended December 31, 2015.

ITC chairman Sanjiv Puri on Wednesday reiterated that the conglomerate is open to organisational restructuring that would include demerger of hotel business and listing of its subsidiary ITC Infotech in future. Puri was replying to shareholders at the company’s AGM.