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Hans India
07-06-2025
- Business
- Hans India
India's first national paper expo debuts in Hyderabad
Hyderabad: PAPEXPO 2025, India's first national-level exhibition exclusively dedicated to the paper industry, was inaugurated today at HITEX Exhibition Centre, Hyderabad. The three-day event, organised by the Paper Foundation and supported by the Ministry of MSME, Government of India, brings together stakeholders across the paper value chain to promote innovation, sustainability, and industry growth. The event was inaugurated by industry stalwarts including Narendra Paruchuri, Managing Director, Pragathi Offset Printers; Soumyajit Mukherjee, CMO, Emami Paper Mills; Dr Ajay Satia, MD, Satia Industries; Rushabh Shah, MD, Three M Paper Boards; and Abiali Jani, Director, Jaini Sales. Distinguished attendees also included MK Goyal, General Secretary, IPPTA; Nataraj, Deputy Director, Indian Institute of Packaging (IIP); Nirmal Kuhad and Arvind Sharma, Directors of Papyrus Expo LLP; and B.R. Rao, President, Paper Foundation. Over 100 national and international exhibitors are showcasing the latest advancements in paper manufacturing, converting, printing, packaging, and recycling. More than 15,000 visitors are expected, including key decision-makers from across India and abroad. Speaking at the event, Soumyajit Mukherjee highlighted the dynamic potential of the paper industry, which engages nearly 2 million people and is valued at Rs80,000 crore. He noted the steady growth in writing and printing paper due to government education initiatives, and a resurgence in newspaper readership driven by declining digital trust. 'The industry is experiencing innovation across all verticals—from craft paper to recycled packaging boards,' he said. MK Goyal emphasised the importance of self-reliance within the sector, cautioning against over-dependence on imports and stressing the need to counter misinformation about paper usage. 'Despite being a sustainable industry, we've fallen victim to digital narratives that wrongly frame paper as environmentally harmful,' he said. Addressing the audience, Nirmal Kuhad reiterated PAPEXPO's role in debunking the deforestation myth. 'India's paper industry is among the most sustainable globally, with over 80% of production sourced from recycled materials like wastepaper, sugarcane bagasse, and agricultural residue,' he stated. The expo underscores the significance of paper in India's economic and ecological framework. Mr. Arvind Sharma called the sector a 'vital pillar' of India's economy, contributing extensively to employment and national tax revenue. PAPEXPO 2025 also aims to increase awareness about India's low per capita paper consumption—just 15–16 kg compared to the global average of 57 kg—and foster collaboration across industry segments. With the Indian paper market projected to reach $13.2 billion by 2033, and the packaging segment alone hitting $13.72 billion by 2025, the growth trajectory remains promising. Participants hail from major paper-producing states such as Maharashtra, Gujarat, Tamil Nadu, and West Bengal, alongside international exhibitors. The Paper Foundation also seeks policy support from the Telangana Government to bolster green innovation and sustainability initiatives in the sector.
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Business Standard
30-05-2025
- Business
- Business Standard
Government keen to increase credit availability to MSMEs, says official
He said that MSMEs provide employment to 27 crore people and that is why the ministry keeps them in mind while making policies The government wants to increase credit availability to micro, small and medium enterprises (MSMEs) and also improve them by enhancing technology, an official said on Friday. Addressing CII's Annual General Meeting, Rajneesh, Additional Secretary and Development Commissioner, Ministry of MSME said India is the fourth largest economy today and would be the third-largest soon. Rajneesh highlighted how MSMEs took a hit during COVID-19 but turned around very fast. He said that MSMEs provide employment to 27 crore people and that is why the ministry keeps them in mind while making policies. "We want to increase credit availability to MSMEs. This year Budget provided for providing credit cards to micro enterprises," he said adding MSME NPAs (bad loans) were less than 5 per cent in last five years as per RBI data. He also highlighted the role of technology to improve MSMEs, suggesting that through use of technology issues between environment concerns and growth aspirations can be resolved. Sunil Mathur, Managing Director and CEO of Siemens Ltd said, today average productivity level is 75 per cent in India whereas it is over 90 per cent in Europe and use of technology can help bridge this gap (productivity). He pointed that Indian MSMEs are dealing with challenges like access to market and finance. Shreekant Somany, CMD Somany Ceramics said digitisation helps MSMEs reduce cost and improve operational efficiency and suggested that MSMEs find new ways for rating them properly so that they get required financial facilities. "We must support MSME innovation hubs for improving quality of products to meet global standards," he said opining that regulatory compliance burden is heavy on MSMEs. Deepak Jain, Chairman Lumax Group said MSMEs represent the true entrepreneurship spirit of India. "We need to have very collaborative ecosystem... today ecosystems compete with each other, " he said citing example of China competing with other ecosystems globally. He stressed on the need to support MSMEs saying that supporting MSMEs should be a national competitive strategy. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
30-05-2025
- Business
- Economic Times
Government keen to increase credit availability to MSMEs: Official
Live Events The government wants to increase credit availability to micro, small and medium enterprises ( MSMEs ) and also improve them by enhancing technology, an official said on CII's Annual General Meeting, Rajneesh, Additional Secretary and Development Commissioner, Ministry of MSME said India is the fourth largest economy today and would be the third-largest highlighted how MSMEs took a hit during COVID-19 but turned around very said that MSMEs provide employment to 27 crore people and that is why the ministry keeps them in mind while making policies."We want to increase credit availability to MSMEs. This year Budget provided for providing credit cards to micro enterprises," he said adding MSME NPAs (bad loans) were less than 5 per cent in last five years as per RBI also highlighted the role of technology to improve MSMEs, suggesting that through use of technology issues between environment concerns and growth aspirations can be Mathur, Managing Director and CEO of Siemens Ltd said, today average productivity level is 75 per cent in India whereas it is over 90 per cent in Europe and use of technology can help bridge this gap (productivity). He pointed that Indian MSMEs are dealing with challenges like access to market and Somany, CMD Somany Ceramics said digitisation helps MSMEs reduce cost and improve operational efficiency and suggested that MSMEs find new ways for rating them properly so that they get required financial facilities."We must support MSME innovation hubs for improving quality of products to meet global standards," he said opining that regulatory compliance burden is heavy on Jain, Chairman Lumax Group said MSMEs represent the true entrepreneurship spirit of India."We need to have very collaborative ecosystem... today ecosystems compete with each other, " he said citing example of China competing with other ecosystems globally. He stressed on the need to support MSMEs saying that supporting MSMEs should be a national competitive strategy.
Time of India
30-05-2025
- Business
- Time of India
Government keen to increase credit availability to MSMEs: Official
The government wants to increase credit availability to micro, small and medium enterprises ( MSMEs ) and also improve them by enhancing technology, an official said on Friday. Addressing CII's Annual General Meeting, Rajneesh, Additional Secretary and Development Commissioner, Ministry of MSME said India is the fourth largest economy today and would be the third-largest soon. Rajneesh highlighted how MSMEs took a hit during COVID-19 but turned around very fast. He said that MSMEs provide employment to 27 crore people and that is why the ministry keeps them in mind while making policies. "We want to increase credit availability to MSMEs. This year Budget provided for providing credit cards to micro enterprises," he said adding MSME NPAs (bad loans) were less than 5 per cent in last five years as per RBI data. Live Events He also highlighted the role of technology to improve MSMEs, suggesting that through use of technology issues between environment concerns and growth aspirations can be resolved. Sunil Mathur, Managing Director and CEO of Siemens Ltd said, today average productivity level is 75 per cent in India whereas it is over 90 per cent in Europe and use of technology can help bridge this gap (productivity). He pointed that Indian MSMEs are dealing with challenges like access to market and finance. Shreekant Somany, CMD Somany Ceramics said digitisation helps MSMEs reduce cost and improve operational efficiency and suggested that MSMEs find new ways for rating them properly so that they get required financial facilities. "We must support MSME innovation hubs for improving quality of products to meet global standards," he said opining that regulatory compliance burden is heavy on MSMEs. Deepak Jain, Chairman Lumax Group said MSMEs represent the true entrepreneurship spirit of India. "We need to have very collaborative ecosystem... today ecosystems compete with each other, " he said citing example of China competing with other ecosystems globally. He stressed on the need to support MSMEs saying that supporting MSMEs should be a national competitive strategy.
India Today
27-05-2025
- Business
- India Today
Is the world's 4th-largest economy taking care of unemployment?
India is poised to become the world's fourth-largest economy by the end of 2025. But, is the country handling its unemployment menace equally well? The World Economic Outlook April 2025 report by the International Monetary Fund, which showed how India's economy will progress ahead, also showed that joblessness is decreasing in the country. In fact, India is better placed than countries like Brazil, China, Canada, Italy, France, etc. in this IN INDIAIndia, the world's most populous country with 144 crore people, has been consistently lowering its unemployment rate. From 8.9 per cent in 2018, unemployment nearly halved to 4.9 per cent in 2024. Notably, the IMF's estimates match those of the Ministry of Statistics and Program Implementation's Periodic Labour Force Survey. Unemployment cannot be discussed without looking at the labour force participation rate (LFPR). If people leave the labour market, the unemployment rate will automatically come down. However, this doesn't seem to be the case with LFPR is also on the rise, which means that more people are entering the labour market and more are getting jobs. It rose from 48.4 per cent in 2018 to 56.4 per cent in an improving employment situation, India is ahead of many of its peers. Against a 4.9 per cent unemployment rate in India, South Africa recorded 32.8 per cent, Spain 11.4 per cent, Turkiye 8.7 per cent, France 7.4 per cent, Brazil 6.9 per cent, Canada 6.4 per cent, and China 5.1 per the government has recognised small and medium enterprises as one of the greatest sources of employment generation and has been adding support to MSMEs in the Union Budgets in recent years.'Beyond their economic contributions, these MSMEs have generated substantial employment opportunities, providing jobs to over 25.18 crore individuals. This extensive employment generation underscores the sector's crucial role in driving economic development and enhancing social stability by offering livelihoods to millions across the country,' the Ministry of MSME said following the Union Budget this year. The budgetary outlay of the Ministry of MSME rose from Rs 7,011 crore in FY20 to Rs 17,307 crore in InTrending Reel
