New Delhi, Aug. 28 -- The government of India has imposed a minimum import price (MIP) of Rs.67,220 per metric ton on virgin multi-layer paper board (VPB) imports. The MIP includes the cost of the paper, insurance, and shipping charges to India, and will be in effect until 31 March 2026.

The government introduced the MIP last week after an investigation found evidence that VPB imports from Indonesia were being sold in India at unfairly low prices, harming domestic manufacturers. The Directorate General of Trade Remedies (DGTR) confirmed the dumping margin and initiated anti-dumping proceedings, leading to this protective measure.

These two paper stocks are likely to benefit from the order, having already shot up 13-14% on Tuesday.

JK P...