New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Finance Minister Shri Arun Jaitley to Inaugurate the New Bank Note Paper Line at Security Paper Mill Hoshangabad Tomorrow;

Dated:- 29-5-2015 - To Flag off the First Consignment of ₹ 1000/- Bank Note Paper; SPMCIL Sets-Up Another Joint Venture Company Called Bank Note Paper Mill India Pvt. Ltd. at Mysore with 12,000 MT Capacity; Combined Production from the new Paper Line at SPM, Hoshangabad and the Joint Venture Company at Mysore after Commissioning will be About 18,000 MT of Bank Note Paper and will Lead to Combined Savings of Foreign Exchange from These Two Bank Note Projects of About ₹ 1,500 Crore in .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

per Line of 6,000 MT capacity is part of the indigenisation, of the Bank Note paper, under taken by Security Printing and Minting Corporation of India Limited (SPMCIL). SPMCIL has also set-up another Joint Venture Company called Bank Note Paper Mill India Pvt. Ltd. at Mysore with 12,000 MT capacity. The plant of this Joint Venture Company at Mysore is targeted to be commissioned by the year end. The combined production from the New Paper Line at SPM, Hoshangabad and the Joint Venture Company aft .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

77; 495 crores within the budget and within the time schedule. This plant is environment friendly with minimal use of the power and water. No additional water has been taken for this plant from Narmada River. This is a start-of-the-art 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 inspec .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

lled. This plant has a latest Mould Cover manufacturing facility for manufacture of the Bank Note paper with latest designs. The annual turnover from this new Bank Note Paper Line when it comes into full production stream of 6000 MT capacity, will be about ₹ 450 crores. The plant will procure local raw materials like cotton comber, linter and chemicals except for the security features, which are obtained through exclusivity contracts. This plant will give boost to the local economy as lot .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ing 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. The existing Security Paper Mill at SPM, Hoshangabad had commenced production of the Currency and the Non Judicial Stamp Paper during 1967 with the process know-how and technology provided by M/s Portals, UK. However, with the advent of new technology in printing of the Bank Notes, requisite modernisation in the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version