Scribd Logo
Upload

Welcome to Scribd!

  • Paper Straws - Companies Scramble For Imported Paper Straws, Ask Govt To Extend Plastic Ban Deadline - The Economic Times

    Uploaded by

    create
    5 views1 page
    1) Companies that manufacture small packaged fruit juices and dairy products are resorting to importing paper straws despite higher costs to comply with India's upcoming ban on plastic straws starting July 1st. 2) The manufacturers want the government to extend the deadline for the plastic straw ban until local infrastructure for producing paper straws is developed, as importing straws is not economically viable. 3) Importing paper straws increases costs by 259% for PLA straws and 278% for paper straws, making the economics unviable for products that sell for Rs. 10.

    Original Description:

    Original Title

    paper straws_ Companies scramble for imported paper straws, ask govt to extend plastic ban deadline - The Economic Times

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    1) Companies that manufacture small packaged fruit juices and dairy products are resorting to importing paper straws despite higher costs to comply with India's upcoming ban on plastic straws starting July 1st. 2) The manufacturers want the government to extend the deadline for the plastic straw ban until local infrastructure for producing paper straws is developed, as importing straws is not economically viable. 3) Importing paper straws increases costs by 259% for PLA straws and 278% for paper straws, making the economics unviable for products that sell for Rs. 10.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views1 page

    Paper Straws - Companies Scramble For Imported Paper Straws, Ask Govt To Extend Plastic Ban Deadline - The Economic Times

    Uploaded by

    create
    1) Companies that manufacture small packaged fruit juices and dairy products are resorting to importing paper straws despite higher costs to comply with India's upcoming ban on plastic straws starting July 1st. 2) The manufacturers want the government to extend the deadline for the plastic straw ban until local infrastructure for producing paper straws is developed, as importing straws is not economically viable. 3) Importing paper straws increases costs by 259% for PLA straws and 278% for paper straws, making the economics unviable for products that sell for Rs. 10.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    8/6/22, 12:57 PM paper straws: Companies scramble for imported paper straws, ask govt to extend plastic ban

    tend plastic ban deadline - The Economic Times

    Re-imagining Tech in 2022: Unblock Big Data


    Know More
    AD ET CIO.com

    CRYPTOCURRENCY
    BENCHMARKS CLOSED LIVE
    BTC NSE LOSER-LARGE CAPETH
    BUY NOW BUY NOW USDTFEATURED FUNDS
    BUY NOW ★★★★★
    USDC5Y BUY
    RETURN
    NOW
    ₹19,30,000 Balkrishna
    -0.03% ₹1,39,989-157.15
    3.66% ₹83 DSP Midcap Direct Plan-…
    0.04% ₹84 0.05% MARKET WATCH
    SensexBy:
    Presented 58,387.93 89.13 Ind. 2,162.80 11.54 % INVEST NOW

    Subscribe Sign In

    Industry Get Benefits Worth Rs. 8700/-


    English Edition | Today's Paper

    Home ETPrime Markets News Industry RISE Politics Wealth Mutual Funds Tech Jobs Opinion NRI Panache ET NOW More

    Auto Banking/Finance Cons. Products Energy Renewables Ind'l Goods/Svs Healthcare/Biotech Services Media/Entertainment More

    Business News › Industry › Ind'l Goods/Svs › Paper / Wood / Glass/ Plastic/ Marbles › Companies scramble for imported paper straws, ask govt to extend plastic ban deadline

    Companies scramble for imported paper straws,


    ask govt to extend plastic ban deadline
    2
    PTI Last Updated: Jun 20, 2022, 08:23 PM IST
    SHARE FONT SIZE SAVE PRINT COMMENT

    Synopsis
    The government's ban on single-use plastics, including plastic straw, is going to be
    effective from July 1, 2022.

    Manufacturers of small packaged fruit


    iStock

    juices and dairy products such as Parle


    Agro, Dabur and Mother Dairy are
    resorting to imported paper straws Discovering the Purpose behind
    Business and Life
    despite higher costs to continue selling
    AD ETBrandequity KNOW MORE
    their products as the deadline for
    implementing the ban on plastic

    Beverages sold in small packs widely use plastic


    straws from July 1 draws closer. The Popular in Ind'l Goods/Svs
    straws. manufacturers, however, want the
    1. Coal stock position will be
    government to extend the comfortable after monsoon

    implementation date of the ban till proper infrastructure for producing paper
    straws locally is developed, saying importing such straws is not economically
    viable. 2. L&T Group aims Rs 2.7 Lakh
    crore revenue By FY26:

    Chairman A M Naik

    "There is no infrastructure at present in India to be able to produce the


    quantum of straws required for the industry. We have started importing paper 3. 'Expedite coal auctions to
    ease prices'
    straws to ensure the new rules are met by its deadline. However, importing is
    not a sustainable option," Parle Agro CEO Schauna Chauhan said.

    She further said, "The percentage increase in the cost for importing polylactic
    acid (PLA) and paper straws goes up by 259 per cent and 278 per cent
    respectively. The economics just does not match up for a Rs 10 product."

    Special Offer on ET Prime Flat 20% Off


    ETPrime
    Exclusive benefits are on your way. Subscribe and enjoy the benefits. JOIN ET PRIME

    https://economictimes.indiatimes.com/industry/indl-goods/svs/paper-/-wood-/-glass/-plastic/-marbles/companies-scramble-for-imported-paper-stra… 1/6

    You might also like