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Raninga Paper Mills Pvt. Ltd. will setup a new 25 TPD tissue plant near Viramgam, Ahmedabad. The company has acquired 2 acres of land for the plant. The total outlay of the project will be around 20-25 cr. The company has a decision to enter the paper industry to come up with specialty grade. There is a good market for specialty and packing grade but they are only focusing in light GSM and high-end products. The tissue market has been growing with demand for use in different applications. Even the market for kitchen towels has seen a surge in India. Raninga Paper is quite upbeat of bringing these products in the market. The market for packing grade is quite good in Gujarat and Maharashtra, and this is where their focus will be. Moreover, they are also planning to export their products in the near future.
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