Kolkata, Sept 21: Paper industry is actively pursuing the government to allow manufacturers to get into captive plantations so as to tide over the crisis in raw materials supply. Speaking at a press meet on Saturday, the deputy managing director of Ballarpur Industries, R R Vederah, said that the industry was seeking captive plantations in only two million hectares out of the 65 million hectares of denuded land in the country.

He said that the paper industry was ready to invest resources required.
Vederah said that the industry required around Rs 9,000 crore over a period of seven years to start captive plantations over an area of two million hectares.
Saying that the figure was not frightening, he said that the industry was ready to procure loans from overseas funding agencies to meet the resource requirements. Bureau Report