India paper sector gets largest FDI ever with APP $3.5B mill project; should Street cheer? [From the web]

MUMBAI, Jan. 11, 2019 (Local News) -Indonesian paper company Asia Pulp and Paper (APP) signed a Memorandum of Understanding (MoU) with The Andhra Pradesh Economic Development Board (APEDB) on January 9 to set up India’s largest paper mill in the state with a capacity of a staggering five million tonnes per annum. The total investment of roughly Rs 24,000 crore ($3.5 billion) makes it one of the largest foreign direct investments (FDI) in recent times. While this is definitely a big positive for the country, we try to decipher the repercussions it can have for the sector and leading paper ...

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