Printing Currencey Notes in Indigenous Papers

Reserve Bank of India (RBI) has informed that a state of the art bank note paper mill with an annual capacity of 12,000 MT is being established at Mysore as a joint venture between Security Printing and Minting Corporation of India Ltd. (SPMCIL) and Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL). It is expected to be commissioned in the year 2015-16. Further, SPMCIL have undertaken expansion of Security Paper Mill, Hoshangabad with the installation of a new paper line of 6000 MT annual capacity. It is expected to start commercial production by early 2015.

This was stated by Shri Jayant Sinha, MoS in the Ministry of Finance in written reply to a question in the Lok Sabha.