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Latest News

  • 197

    JK Paper has set its sight to capture the premium packaging board, also known as virgin fibre based board, market that is set to grow at 12.9% in 2021. This comes on the heels of JK Paper approving in May 2018 the setting up of an additional capacity up to two lakh tpa of packaging board, pulping facilities up to 1.60 lakh tpa and utilities at Central Pulp Mills (CPM) in Songadh, Gujarat. The entire cost of the project is approximately considered to be Rs 1,450-cr.

    Indian consumer packaging market in 2017 was valued at 12.0 billion USD and is expected to grow at 11-12% in the next five years. Currently, the total premium packaging board domestic annual consumption is at 7.5 lakh tonnes.

    The company’s manufacturing capacity of packaging board stands at 90,000 tpa from its overall capacity of 4,55,000 tpa that also consists of manufacturing of uncoated paper, coated paper and saleable pulp. It has a market share of 12% in packaging board. 

     

    Sun, 22/07/2018
  • 195

    To commission Rs.800 crore integrated food, logistics unit

    FMCG major ITC Ltd. has assured the Telangana government that it will consider the prospect of reviving ailing paper mill of BILT (AP Rayon) located in Warangal (Jai Shankar Bhoopalapally district) of the State.

    Responding to the request of Telangana IT and Industries Minister KT Rama Rao calling upon ITC to handhold and revive sick paper mill, YC Deveshwar, Chairman, ITC Ltd., responded positively stating, “We will do so provided the State backs the move with certain incentives”.

     

    Speaking after the formal inauguration of the ITC Kohenur, a luxury hospitality project in the IT hub of Hitec City in Hyderabad, Rao said: “The revival of the paper mill will help save the jobs of over 2,000 people and help the local economy.

    The Minister said with the support of the State government and lenders, similar efforts made to revive another sick paper unit, Sirpur Paper Mills Ltd, has yielded results with the mills on the verge of being taken over. 

     

     

     

    Thu, 19/07/2018
  • 196

    To commission Rs.800 crore integrated food, logistics unit

     

    FMCG major ITC Ltd. has assured the Telangana government that it will consider the prospect of reviving ailing paper mill of BILT (AP Rayon) located in Warangal (Jai Shankar Bhoopalapally district) of the State.

     

    Responding to the request of Telangana IT and Industries Minister KT Rama Rao calling upon ITC to handhold and revive sick paper mill, YC Deveshwar, Chairman, ITC Ltd., responded positively stating, “We will do so provided the State backs the move with certain incentives”.

     

    Speaking after the formal inauguration of the ITC Kohenur, a luxury hospitality project in the IT hub of Hitec City in Hyderabad, Rao said: “The revival of the paper mill will help save the jobs of over 2,000 people and help the local economy.”

    The Minister said with the support of the State government and lenders, similar efforts made to revive another sick paper unit, Sirpur Paper Mills Ltd, has yielded results with the mills on the verge of being taken over. 

    After the formation of the new State about four years ago, efforts are under way to revive various sick units, including the Ramagundam fertiliser plant and both the sick paper mills.

     

    Thu, 19/07/2018
  • 207

    आने वाले दिनों में बच्चों की पढ़ाई का खर्च कम होने के साथ घर बनाना सस्ता होने के आसार हैं। 21 जुलाई को होने वाली जीएसटी काउंसिल की बैठक में  स्टेशनरी  उत्पादों पर जीएसटी की दरें घटाने का फैसला हो सकता है। इसके साथ सीमेंट और पेंट पर लगने वाले जीएसटी की दरें भी घटने की चर्चा है।

    जानकारों के मुताबिक, 28 फीसदी के स्लैब में आने वाले कई उत्पाद 18 फीसदी के स्लैब में आ जाएंगे। इससे इन सामानों की कीमतें घटेगी। स्टेशनरी उत्पादों पर जीएसटी के 5, 12 और 18 फीसदी के तीन स्लैब हैं। इसमें 18 और 12 फीसदी जीएसटी वाले उत्पादों पर रेट कम हो सकते हैं।  

    स्टेशनरी  व्यापार मंडल के अध्यक्ष जितेन्द्र सिंह चैहान के मुताबिक,  स्टेशनरी में चार हजार से ज्यादा आइटम हैं। इन पर 0 से लेकर 18 फीसदी तक टैक्स है। इससे कारोबारियों को भी पूरा हिसाब रखने में परेषानी होती है। टैक्स कम करने के लिए व्यापारी ऑल इंडिया स्तर पर एक साल से केंद्र सरकार से बात कर रहे हैं। प्रस्ताव के मुताबिक, 18 फीसदी जीएसटी वाले प्रॉडक्ट अब 12 फीसदी जीएसटी की श्रेणी में आ जाएंगे। इससे 100 रुपये लागत वाले सामान की खरीदारी पर लोगों को छह रुपये की बचत होगी। 

    Wed, 18/07/2018

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