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Emami Paper to Build Paper Mill in India

March, 14, 2009 - India's Emami Paper Mills is planning to build a greenfield printing and writing paper mill at Kultikri in West Midnapore district of West Bengal, India, according to The Hindu Business Times.

The company expects construction of the 200,000 ton per year mill to be completed in a little over three years.

Emami said the project will require some 1,400 acres of land, which the company will procure in the next twelve months. India's State Government reportedly would provide nearly half of the required land (vested land of nearly 700 acres), while Emami would be required to purchase the remaining acreage.

The company in late-February signed a memorandum of agreement with the West Bengal Industrial Development Corporation for implementing the project.

“The paper mill project, one of the biggest in India, is expected to generate substantial employment,” said India's Chief Minister.

Nearly 8,000 people will be directly or indirectly employed in the project, government officials said.

SOURCE: The Hindu Business Times




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