The Maharashtra state cabinet committee for industries on Thursday gave approval to Rs 20,000-crore pulp paper manufacturing project in Raigad.
The third meeting of the Cabinet Sub-Committee of industries department was held on Thursday in which a project worth Rs 20,000 crore of Sinar Mas Pulp paper manufacturing project in Raigad district was approved along with some other projects.
According to officials, the Indonesia based Sinar Mas Pulp and Paper Pvt. Ltd. (Asia Paper and Pulp) is the largest paper manufacturing industry in Asia and it will be making an investment of Rs 20,000 crore for the first time in India and that too in the state of Maharashtra. sub-committee also decided to extend its incentive package for industries by two years since it could not be utilised during the pandemic.
The Rs 20,000 crore will be invested in two phases and accordingly, 300 acres of land has already been allotted for this project at Dherand in Raigad district, and the government intends to provide more land as per the demand of the project.