A Central government team will submit its report on recent visit to the site to Union Finance Ministry, under which city-based India Security Press (ISP) and Currency Note Press (CNP) function.
October 19, 2016
For a proposed paper mill project required for printing currency notes, the team of General Manager of CNP, Mr. S. P. Varma; members of Security Paper Mill (Hoshangabad, Madhya Pradesh) Mr. P. R. Gauda; Security Printing and Minting Corporation Ltd. of India (SPMCIL) members Mr. Rakesh Kumar, Mr. Praveen Gupta, Mr. Manishankar and others visited Nehru Nagar in Nashik Road. The Central Government has set the target to produce 48,000 MT currency paper by 2024.
Shiv Sena MP Hemant Godse from Nashik said, “Currently, 16,000 MT paper is being produced. To achieve the target of remaining 32,000 MT, two machines have been sanctioned in-principle for Hoshangabad SPM to produce 16,000 MT, while scouting is underway to set up a mill here to produce another 16,000 MT.”