Old Papers and Paper Waste - Import business Opportunity.
The e-commerce sector in our country is growing very fast.
The most commonly used corrugated box's raw material in the e-commerce industry is old and waste paper.
There is a huge demand for such corrugated boxes both domestically and in exports such as the medical and textile sectors.
There are no old papers or waste papers in our country to meet this need.
Mostly we were importing these from US and European countries.
In November last year, the European Union abruptly banned the export of old paper and scrap paper to India.
This came as a surprise to Indian importers.
When asked, why this ban was imposed, by the Indian government we were even more surprised by the response given by the European Union.
They said it was a mistake due to an error in the communication and permission would be granted for re-export very soon.
The ban, imposed in November, has now been lifted on March 31.
From April 1, there will be no restrictions on the export of old paper and waste paper from European countries to India.
As a result, the price of corrugated boxes and old papers in India began to fall.
It takes about 45 to 60 days for us to bring such old papers here from the United States.
It takes about 30 to 45 days to bring in from European countries.
Experts say the price of scrap paper and corrugated boxes are likely to fall again as more scrap paper arrives on the market in one month.
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