Indian Economy News

Paper industry has cut water usage by 80% and is investing US$ 3.05 billion (Rs. 25,000 crore) in sustainable processes: IPMA

  • IBEF
  • July 25, 2023

An industry association reported that the paper industry in the country has reduced water usage by 80% and intends to do so further owing to investments of US$ 3.05 billion (Rs. 25,000 crore) made in environmentally friendly production methods in recent years. In a statement, the Indian Paper Manufacturers Association (IPMA) noted that a number of industry participants have adopted eco-friendly practices to reduce their water and carbon footprints. It also stated that the players have deployed modern technology solutions and captive power generation to achieve water and energy efficiency.

The President, Indian Paper Manufacturers Association (IPMA), Mr. Pawan Agarwal stated that the Integrated paper mills have reduced water usage to 40 cubic meters to produce a tonne of paper from the earlier 200 cubic meters. He further stated that the Indian Paper Industry has invested to the tune of US$ 3.05 billion (Rs. 25,000 crore) in sustainable production processes and capacities in the last few years. Further, he quoted that the paper industry has reduced power consumption, and integrated plants are producing 40% of electricity by utilising biomass from the pulping process.

The National Mission for Enhanced Energy Efficiency (NMEEE)'s Perform Accomplish Trade (PAT) plan, according to IPMA President, has ranked the paper industry as one of the top-performing sectors.

According to Indian Paper Manufacturers Association (IPMA), over the past few years, the industry has worked tirelessly with over 5 lakh marginal farmers and has successfully brought 12 lakh hectares of largely degraded land under plantation.

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