Indian Economy News

At Rs 13,963 cr India’s paper exports touch all-time high in FY21-22

Paper and paperboard exports from India reached an all-time high of Rs. 13,963 crore (US$ 1.79 billion) in FY21-22, an increase of nearly 80% year on year. According to data issued by the Directorate General of Commercial Intelligence & Statistics (DGCI&S), exports have increased fourfold since the fiscal year 2017. Paper exports from India increased in volume from 0.66 million tonnes in FY17 to 2.85 million tonnes in FY22, and in value from Rs. 3,041 crore (US$ 391.97 million) to Rs. 13,963 crore (US$ 1.79 billion) during the same time.

This growth spans different grades of paper. Coated paper and paperboard exports climbed by 100% in value, uncoated writing and printing paper by 98%, tissue paper by 75%, and kraft paper by 37%.

Paper mills in India, particularly in the organised sector, have invested over Rs. 25,000 crore (US$ 3.22 billion) in new capacity and clean-green technology during the last 5-7 years. India has been a net exporter of paper in volume terms during the last two fiscal years. UAE, China, Saudi Arabia, Bangladesh, Vietnam, and Sri Lanka are among the top export destinations.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.