JK Paper Ltd, a flagship company of the JK Singhania group is setting up a new 1.65 lakh tonnes per annum (TPA) paper plant at its existing unit in Rayagada in Odhisa.
For this, the company plans to invested Rs 1650 crore to meet growing demand, customers’ needs and aspirations especially from digital printing industry. JK Paper holds 28 per cent of market share of Indian paper industry.
India has growing shortages of timber and wood-based products. Agro-forestry plantations promoted by wood-based industries and raised by a large number of small farmers and imports play a major role in bridging the demand supply gap. Private sector companies like Wimco and ITC have played a major role in promoting technology based high yielding clonal plantations under agro-forestry on commercial scale.
