Indonesian paper major Asia Pulp & Paper of the Sinar Mas Group has signed an MoU with the AP Economic Development Board to set up a paper unit in Ravur village with an investment outlay of Rs. 24,000 crore.
The MoU was inked in the presence of Andhra Pradesh Chief Minister N Chandrababu Naidu, who unveiled the pylon of Ramayayapatnam port in Ravur village in the Prakasam district of Andhra Pradesh.
The Chief Minister said that the Prakasam district as well as AP will witness rapid growth with the world’s largest paper unit and the Ramayapatnam port coming up in the State.
He expressed confidence that the paper industry and the port will transform the economic scenario and has sought the cooperation of farmers.
Naidu said that top priority will be given to farmers’ empowerment and appealed to them not to carried away by false campaign of other political parties. The Chief Minister also asked the Asia Pulp & Paper management to complete the project within 20 months.
Asia Pulp & Paper has proposed to set up a paper unit on a 2,500 acre land with an investment of $ 3.5 billion. The project entails job opportunities to 4,000 people and indirect employment to 10,000.
With this project, over 50,000 farmers will benefit by supplying eucalyptus pulp material to the proposed plant, which would enhance their income. The plant will be set up in two phases with installed capacity of approximately 5 million MT of pulp, paper and board. The plant will have a captive 300 MW co-generation plant to meet the power and steam requirements.
Founded by Eka Tjipta Widjaja and Singgih Wahab Kwik in 1972, the paper company has a capacity of more than 18 million tons per annum and 14 major companies serving in 120 countries across 6 continents.
The major advantage of the port is its proximity to the existing national highway and the South Central Railway line.
The proposed port is expected to handle granite blocks container traffic and agricultural products as the major exports and coal, fertiliser and edible oil as the major imports.
The port is proposed to be be developed with an outlay of Rs. 4,240 crore and has eight berths in phase I.
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