Paper imports jump 43% in H1 of FY24, says IPMA
Following a 25% jump in FY23 in volume terms, India’s paper imports have further gone up by a staggering 43% in the first half of FY24, reveals data released by DGCI&S. The massive growth in imports is mainly due to a humongous 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, said a statement by the Indian Paper Manufacturers Association (IPMA).In H1 FY24, imports of paper and paperboard have grown to 959 thousand tonnes as compared to 672 thousand tonnes in H1 FY23. Imports from Asean grew from 81 thousand tonnes in H1 FY23 to 288 thousand tonnes in H1 FY24. While imports of all grades of paper have risen sharply, imports of uncoated writing and printing paper have shown a growth of 267%...