Punjab-based paper maker to appoint distributors in Lahore
- Supreme Court strikes down Section 66A, says it violates right to speech
- Pakistan Day: PM greets, MoS VK Singh tweets #disgust
- DK Ravi's death: Govt calls in CBI, tells court he had a ‘relationship’ with batchmate
- Mufti Mohammad Sayeed says will take Army into confidence on AFSPA
- 1987 Hashimpura massacre: The photographs that stand witness
Punjab-based paper maker Khanna Paper Mills has decided to appoint sole distributors in Pakistan for the supply of its items including newsprint, writing paper after sensing their huge market in the neighbouring country.
"We have decided to have four to five sole distributors at Lahore in Pakistan for the supply of our paper items like newsprint, copier paper, writing paper etc., as there is an immense potential for these items," Suneet Kochhar, Director, Khanna Paper Mills told PTI today.
Kochhar was part of the 45-member delegation led by Punjab Deputy Chief Minister Sukhbir Singh Badal that went to Pakistan last week to cement economic and business ties.
Amritsar-based paper maker is already supplying 500 tonne of newsprint per month to Pakistan which also includes famous 'Jung Group' of newspaper and 'Urdu Patrika'.
"We have found that there is a potential for export of 5,000 tonne per month of paper to Pakistan as the neighbouring country meets its paper requirement by importing from other countries including US and Europe and we can supply cheap paper because of proximity to Lahore city which is just 40 km away (from Amritsar)," he said.
There is no paper manufacturing facility in Pakistan which gives India as distinct advantage for export of paper, he added.
Kochhar held discussions with local traders of Pakistan during the visit accompanying the delegation last week to explore potential for business ties.
"Next month, our team will again visit Pakistan to give shape to the proposed venture," he said.
Khanna Paper Mills is having installed capacity of 1,000 tonne of paper per day with business size of Rs 1,500 crore.
Khanna Paper Mills scripted a new chapter in the history of Indo-Pak trade when it sent a consignment of newsprint to Pakistan for the first time via Attari-Wagah land route in May this year after Pakistan Government allowed its import from India in March.