Paper industry could witness some benefits coming through in the Union Budget 2020, said GP Goenka, chairman of Star Paper Mills .

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Goenka said on CNBC-TV18 that it’s difficult to say if there will be any plastic ban in the upcoming Budget.

“However, there is a definite hope that plastic would be banned whether it happens during the Budget or takes another couple of months, no one knows,” he added.

He said: “I will be very surprised if in the Budget there is anything for the paper industry.” “It’s high time that we get into bullish phase of paper industry for the next 3 months, but I do not know if the government will do something in the immediate future. I think the government will be focusing on more important segments,” Goenka added.

On business front, the chairman said: “For the last month or so there has been some improvement. We expected much more than what happened, but seeing an uptick in demand as a busy season approaches.”

According to him, higher import at lower cost is impacting the overall paper industry.

First Published:Dec 17, 2019 12:35 PM IST