April 30, 2009

Emami to invest Rs 2,200 cr in Bengal paper plant

Kolkata: The Rs 2,000-crore Emami Group is planning to invest Rs 2,200 crore for setting up a high-end writing and printing paper manufacturing plant at Kultikri in West Midnapore district of West Bengal.

The 200,000-tonne-a-year unit, to be developed by group company Emami Paper Mills Limited, would be completed within three and a half years from zero date, according to Mr P.S. Patwari, Executive Director of the company. The 1,415 acres required to set up the plant would be acquired within a year, he said.

Emami Paper Mills signed a memorandum of agreement here on Friday with the West Bengal Industrial Development Corporation for implementing the project. The State Government would provide nearly a half of the required land (vested land of nearly 700 acres), while Emami has to acquire the rest, West Bengal Chief Minister Mr Buddhadeb Bhattacharjee said after the agreement signing ceremony. All land to be acquired in the area is barren, Mr R.S. Agarwal, Joint Chairman of Emami Group, said.
“The paper mill project, one of the biggest in India, is expected to generate substantial employment,” the Chief Minister said. Nearly 8,000 people will be directly or indirectly employed in the project, West Bengal Industrial Secretary Mr Sabyasachi Sen told presspersons on the sidelines of the programme.

The Irrigation Department has agreed to supply water from the Subarnarekha, he said, while pointing out that the used water will be released into the river after recycling through canals. The plant would consume nearly 75,000 cubic metre of water daily while its coal intake would be two lakh tonnes a year. The wood pulp required as raw material would be supplied by the West Bengal Forest Department.