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Scotland-based PG Paper Company Ltd, which provides customised paper solutions, plans to invest 3 million pounds-sterling in setting up three mills to manufacture packaging paper in India by 2018.
The three facilities will be come up in Delhi, Mumbai and in one of the southern states, Poonam Gupta, Founder-CEO, told BusinessLine on Monday.
Their production capacities are yet to be decided, she said, adding India’s huge demand in this segment was what motivated her to set up facilities here.
Inspired by the Make-in-India move of Prime Minister Narendra Modi, whom she met during his November 2015 event at Wembley Stadium in London, Gupta said she was into advanced stages of planning to set up the three mills which will go operational in 2018. “We will have local partners in the facilities to be set up at Mumbai and in South India,” she added.
Gupta had recently shot to fame when she bought a painting depicting Indian cricketer Virat Kohli’s IPL journey over a decade, for a whopping 2.9 million pounds (nearly Rs 24 crore). She bought the painting, by Sasha Jaffrey, during a charity dinner organized by the Virat Kohli Foundation.
Founded in 2003 by the Delhi-born, Scottish-Indian entrepreneur, PG Paper Company Ltd’s turnover in 2016 was 35 million pounds which is projected to increase to 50 million pounds in 2017.
The paper company, which mainly outsources its production to other mills, currently exports to 53 countries worldwide. It sells paper in India across multiple industries like printing, packaging, specialty and publishing. It currently has operations in North India, Mumbai, Kochi and Chennai with plans to expand to Gujarat and the eastern states via Kolkata.
Established in 2003, PG Paper Company specialises in a variety of printing and writing paper and board, packaging paper and board, tissue and other speciality products. The company buys paper from leading global paper mills in Europe, Asia and North America.
Over 90 per cent of it is exported to the Indian subcontinent, the Middle East and the Far East. The company has partnerships in India, Pakistan and Turkey.
She said the company also plans to diversify and expand into other areas such as cosmetics, stationery and children’s toys. Her other business interests are scrap metal, machinery, real estate in multiple countries and health services.
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