Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
https://www.idnfinancials.com/n/216...-India-with-an-investment-of-Rp-5075-trillion
APP to build a paper mill in India with an investment of Rp 50.75 trillion
JAKARTA. Asia Pulp & Paper Group (APP), a company in Sinarmas Group will invest US$ 3.5 billion to build a paper mill with a capacity of 5 million per year in the Andhra Prakasam region, India.
This investment has become the largest foreign direct investment (FDI) in India in recent years. The investment value is equivalent to Rp 50.75 trillion, assuming the exchange rate of Rp 14,500 / US dollar.
Quoted from Times of India, the plant with a production capacity of up to 5 million tons per year will be built in Ramayapatnam, the coastal area of the Andhra Prakasam district on an area 2,500 hectares wide. With this production capacity, the company will produce packaging paper, speciality paper, writing and printing paper.
"An investment of US $ 3.5 billion is the largest FDI for the size of a new or greenfield project. This project will create 4,000 direct jobs and around 10,000 indirect workers, and profits for more than 50,000 timber workers," said the CEO of Andhra Pradesh Economic Development Board (APEDB) J Krishna Kishore as quoted by the Times of India.
Krishna said the laying of the first stone for the construction of the plant is expected to be carried out next week.
Asia Pulp & Paper is a company which is the holding company of PT Kertas Tjiwi Kimia Tbk (TKIM) and PT Indah Kiat Pulp and Paper Tbk (INKP). (AM/AR)
JAKARTA. Asia Pulp & Paper Group (APP), a company in Sinarmas Group will invest US$ 3.5 billion to build a paper mill with a capacity of 5 million per year in the Andhra Prakasam region, India.
This investment has become the largest foreign direct investment (FDI) in India in recent years. The investment value is equivalent to Rp 50.75 trillion, assuming the exchange rate of Rp 14,500 / US dollar.
Asia Pulp & Paper is a company which is the holding company of PT Kertas Tjiwi Kimia Tbk (TKIM) and PT Indah Kiat Pulp and Paper Tbk (INKP). (AM/AR)
The main reason they invest outside Indonesia, is because Indonesia is running out of usable rainforest area. The remaining Indonesia rainforest has already become nature reserve, and even that is slated to be use as Geothermal power plant.
The main reason they invest outside Indonesia, is because Indonesia is running out of usable rainforest area. The remaining Indonesia rainforest has already become nature reserve, and even that is slated to be use as Geothermal power plant.