US Paper Companies Eyeing India For Growth

Deloitte: U.S. Paper Companies Eyeing India for Growth: India is quickly becoming an attractive new market for the American pulp and paper industry, according to "Turning the page on India's paper industry: A new chapter in investment potential and growth," a new report from Deloitte. India's paper industry is expected to grow at six to seven percent year over year, with the packaging industry poised to grow at 22 to 25 percent annually," said John Dixon, principal, Deloitte Consulting LLP. "India has 15 percent of the world's population, but consumes less than two percent of the world's paper. Meeting the growing demand will likely require a correspondingly significant investment in both new machines and upgrading of existing facilities."