Naini Papers Limited, a prominent player in India's paper industry, is poised for a significant expansion at its Kashipur plant in Uttarakhand. With an estimated investment of ₹625 crore, this endeavor underscores the company's commitment to meeting the evolving demands of the market and enhancing its production capabilities.
The expansion project aims to substantially increase the plant's production capacity, nearly quadrupling it from 400 to 1700 tonnes per day (TPD). This substantial boost in output will enable Naini Papers to cater to a broader market and contribute significantly to the country's paper production.
As part of the expansion, modernization and efficiency enhancements are in the pipeline, with plans to install state-of-the-art papermaking machinery and equipment. These upgrades are expected to streamline operations, optimize resource utilization, and potentially introduce innovative paper products to Naini Papers' product lineup.
An important aspect of the project is its potential to generate additional employment opportunities in the Kashipur region. This infusion of jobs will not only bolster the local economy but also contribute to overall socio-economic development.
Furthermore, Naini Papers' expansion holds promising benefits for the Indian paper industry as a whole. It will help address the growing demand for high-quality paper products domestically, benefiting various sectors such as education, publishing, and packaging. Additionally, by enhancing domestic production, the project contributes to reducing reliance on imports and fostering a more self-sufficient paper industry in India.
Currently in the design stage, the project is poised to progress to the construction phase in the near future, marking a significant step towards realizing Naini Papers' vision for growth and innovation in the Indian paper sector.
News by Rahul Yelligetti