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Paper industry body flags below-cost imports, demands level playing field

Business Standard LogoBusiness Standard5h ago

Paper industry body flags below-cost imports, demands level playing field - Business Standard

Quick Summary:

Indian Paper Manufacturers Association (IPMA) has expressed concerns over rising imports of virgin fibre paperboard from countries like China and Chile, saying that below-cost shipments are hitting local producers and threatening their investments.

The IPMA said that imports of virgin fibre paperboard (VFP), mainly used as packaging material for pharma, FMCG, and cosmetics products, have grown more than three-fold to 21,233 tonnes per month in the first six months of 2024-25 compared to the average 6,337 tonnes per month in 2021-22.

"In August and September of the current fiscal, imports have been over 30,000 tonnes per month, which is over 20 per cent of the total domestic demand," IPMA said in a statement while demanding a level-playing field for local manufacturers.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 15:54:36 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23904514

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 297 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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