Government bans single-use plastic from next year …Expects positive for Paper stocks
Expects positive for paper stocks after the news that the government has notified Plastic Waste Management Amendment Rules, 2021, restricting the use of identified 'single-use' plastic items from July 1, 2022. "The manufacture, import, stocking, distribution, sale and use of… single-use plastic, including polystyrene and expanded polystyrene commodities shall be prohibited with effect from July 1, 2022," states the union environment ministry notification. Expects positive for JK Paper, West Coast Paper, Emami Paper, TN News Print, Andhra Paper, Seshasayee Paper, NG Agarwal.