Andhra Paper has signed a Memorandum of Agreement (MOA) with the Government of Andhra Pradesh (GOAP) on March 4, 2023 to facilitate investment in the state of Andhra Pradesh in the interest of the economic growth of the state. The GOAP will facilitate and extend necessary support for implementation of the proposed project through single window clearances.
The company is planning to invest in setting up a new manufacturing facility to produce around 2,50,000 MTPA of Bleached Pulp and around 2,38,000 MTPA of Paper Board at Kadiyam, Rajahmundry, Andhra Pradesh, with an estimated investment of over Rs 2000 crore, which will create employment for around 2300 person.
Andhra Paper is one of the largest integrated paper and pulp manufacturers in India.
