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  • DAILY CURRENT AFFAIRS:Paper exports from India jump 80% to all-time high of Rs 13,963 Cr in 2021-22.

Paper exports from India jump 80% to all-time high of Rs 13,963 Cr in 2021-22.

Tags: Economy/Finance

Quoting the figure released by the Directorate General of Commercial Intelligence & Statistics (DGCI&S) under the Union Ministry of Commerce and Industry the apex paper industry body IPMA ( Indian Paper Manufacturers Association ) the  Exports of paper and paperboard from India jumped nearly 80 per cent in the financial year 2021-22, touching a record Rs 13,963 crore.

  • According to the IPMA the export grew from 0.66 million tonnes in the financial year 2016-17 to 2.85 million tonnes in the financial year 2021-22. 
  • Similarly in value terms the export increased from Rs 3,041 crore in 2016-17 to Rs 13,963 crore in 2021-22.
  • “In terms of value, exports of coated paper and paperboard increased by 100 per cent, uncoated writing and printing paper by 98 per cent, tissue paper by 75 per cent and kraft paper by 37 per cent,” the IPMA said.
  • Paper exports from India have been increasing for the last five years. India is exporting papers to UAE, China, Saudi Arabia, Bangladesh, Vietnam and Sri Lanka.
  • In the last two financial years, India has become a net exporter of paper in terms of volume.
  • In 2020 the largest exporter of paper in the world was China followed by Germany, United States, Sweden and  Finland .

Directorate General of Commercial Intelligence and Statistics (DGCI&S)

  • Directorate General of Commercial Intelligence and Statistics (DGCI&S), comes under the Union Ministry of Finance.
  •  It is the pioneer official organisation for collection, compilation and dissemination of India’s Trade Statistics and Commercial Information. 
  • It was set up in 1862. 
  •  Headquarters: Kolkata, West Bengal

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