SPMCIL gets a new bank note
paper line of 6,000 MT capacity
Two more paper lines with total capacity of 12,000 MT would also be set-up
at Security Paper Mill, Hoshangabad in Madhya Pradesh.
The minister of finance, corporate affairs
and information and broadcasting,
Arun Jaitley, recently inaugurated the
new bank note paper line of 6,000 MT capacity
and also flagged off the first consignment of
Rs 1,000/- bank note with the paper made
indigenously in the august presence of
Shivraj Singh Chouhan, chief minister,
Madhya Pradesh and other dignitaries.
Speaking on the occasion, the finance minister
said that the new Security Paper Mill in
Hoshangabad will give India indigenously
produced currency note paper and will prove
to be a major step towards prime minister
Narendra Modi’s ‘Make in India’ initiative.
He further said that the mill would produce
6,000 MT paper on which currency notes
of denominations Rs 10/-, Rs 20/-, Rs 50/-,
Rs 100/-, Rs 500/- and Rs 1000/- will be
printed. Earlier, the paper to print high
denomination currency was imported. The
finance minister announced that two more
paper lines of total capacity of 12,000 MT
would also be set-up at Security Paper Mill,
Hoshangabad.
The finance minister also said that another
Security Paper Mill through JV Company
has been established at Mysore in Karnataka.
This would ensure huge savings on foreign
exchange. He said Hoshangabad was chosen
as the centre for producing paper for printing
currency notes several decades ago by
Morarji Desai, who was the then finance
minister. However, it produced paper
for printing of currency notes of smaller
denominations only. With the development of
the new facilities at Hoshangabad
and also at Mysore, it will be
possible to produce currency
printing paper in adequate quantity
to meet the needs of the nation.
The finance minister also said that
the ink used in printing of the bank
notes is mostly produced within India.
The project has been completed at a cost
of Rs 495 crore, within the budget and
within the time schedule. This plant is
environment friendly with minimal use of
power and water. No additional water has
been taken for this plant
from Narmada river.
Salient features of the new
banknote paper line:
- State-of-the-art continuous pulp
manufacturing plant integrated with
paper machine.
- Investment of Rs 495 crore
- Production capacity of 6000 tonnes per year.
- State-of-the-art laboratory.
- Online quality monitoring & control systems.
- Latest technology resulting in minimum water and power consumption.
- Pre despatch inspection of paper at par with international benchmark.
- Project completed as per schedule and within budget.
- Environment-friendly aiming for zero liquid discharge.
- Capable of manufacturing all denominations of banknote paper with three-dimensional watermark.
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This is a state-of-theart
plant with capability
for incorporation of the
advanced security features into the bank
note paper. This plant has been incorporated
with the latest pulp manufacturing plant,
control systems, equipped with automatic
sheet cutter and packaging and has online
inspection system. Capable of manufacturing
all denominations of bank note paper with
capacity to introduce three-dimensional toned
water mark, the new plant has state-of-theart
testing laboratory to the international
standards for testing the paper before dispatch
to the currency note printing presses. This
new paper line is environment friendly
aiming at zero liquid discharge. The latest
surveillance system SAP-ERP and with
state-of-the-art fire and safety system has
been installed.
The annual turnover from this new
bank note paper line, when it comes
into full production stream of 6,000
MT capacity, will be about Rs 450
crore. The production of the bank
note paper from this new paper line
at Hoshangabad and from the joint
venture paper mill at Mysore will reduce
the country's import of bank note paper
considerably. Commissioning of this project
is part of Make-in-India – Indigenisation
of currency and to become self-reliant in
production of the raw materials requirement
for the production of the bank notes.
