Andhra to Get World’s Largest Paper Mill: Make In India

New Delhi: Indonesian pulp and paper giant Asia Pulp & Paper Group (APP) is setting up not just India’s but probably the world’s largest paper mill in Ramayapatnam in Andhra. This is one of the largest FDIs in a greenfield project in India at Rs 24,500 crore, reported Times of India on Sunday.

According to the report, The mill will apparently have a capacity of 5 million tonnes per annum. The company has reportedly identified the 2,500-acre site along the coast already. Around 15,000 direct as well as indirect jobs are expected to be created from the project. Sources told the publication that the mill will produce speciality paper, printing paper, writing paper and packaging paper.

Andhra Pradesh Economic Development Board (APEDP) CEO J Krishna Kishore confirmed the news and told ToI, “I understand that the $3.5 billion investment is India’s biggest FDI in a single site, greenfield project till date. It will create 4,000 direct jobs and about 10,000 indirect jobs apart from benefiting over 50,000 pulpwood farmers.”

Kishore further said that they will work with Invest India to make sure that the project is cleared and also have environment clearance from the central government within a year.

Kishore also confirmed that 50% of the land required for the project has already been acquired by the government and the rest is in the process. According to APEDB officials, the company chose Andhra Pradesh as the site for the project because they were able to get land along the coast which will make import of raw materials and export to big markets, such as China, easier.

Source:TNN ( Published with changes to the Headline)

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