Profits nose dive

  • 30/07/1999

The period between 1992-93 to 1995-96 was the boom time for the Indian pulp and paper mills. According to The Stranger , published by Greenpeace, the mills enjoyed a profit range of 40-100 per cent on an average, while US mills showed only 10 per cent profits. But this financial performance can be termed as "profit without green responsibility'. Very little consideration was given to the environmental impacts of the industry. After 1995-96, profits began to dwindle for most mills. As a result, the sector suffered, and is yet to recover fully.

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