Wave Group entered the paper manufacturing sector by acquiring a plant in Bilaspur, Uttar Pradesh. The plant had a capacity of 9,500 MT per annum that has now increased to 79,000 MT per annum. Today, it is one of the largest paper manufacturing plants in Uttar Pradesh that produces writing, printing, copiers and newsprint paper.
Indian paper industry accounts for about 1.6% of the world’s production of paper and paperboard. The estimated turnover of the industry is Rs. 25000 cr. and its contribution to the exchequer is around Rs. 2918 cr.
Newsprint and publication paper consumption account for 2 million tonne, of which 1.2 million tonne of newsprint paper is manufactured in India and the remaining 0.8 million tonne is imported.
India’s first Machine-made paper was manufactured in 1812. In India, the Soft wood is the principal raw material used for making paper especially newsprint and high-class printing papers. With rising population and expand of education, the demand for paper has been constantly up.
Indian Paper industry has created sustainable livelihood in rural areas and has helped to generate employment for the local population to earn their livelihood. Indian Paper Industry is riding on a strong demand and on an expanding cruise to meet the projected demand of 13 million tonnes by 2020.
The industry was delicensed effective from July 1997 by the Government of India & foreign participation is permissible. Most of the paper mills are in existence for a long time and hence present technologies fall in a wide spectrum ranging from oldest to the most modern.