A newspapermaker who is now a billionaire is turning his passion into a dream.
The Indian company that made the iconic paper of the Bollywood movie “Kamal” is turning to digital technology to make his dream a reality.
It is building a factory in Pune, Maharashtra to create paper that can be printed from ink and cut to size.
The business started three years ago with the help of an entrepreneur from the Indian city of Nagpur, but now the company has become the first in the country to have a factory with a print-making capability.
The factory, with a capacity of 10,000 square metres, will have a printmaking capability, making paper that will be used for advertising, marketing, wedding and other commercial products.
The company has raised Rs 30 crore in a public offering.
It has already hired a team of about 50 people, with the rest of the work being done by employees from the company’s office in Poona, Maharashtra.