India Boosts Security Paper Production with Rs 1,800 Crore Master Plan

• The Indian government approved a Rs 1,800 crore proposal to establish a new Cylindrical Mould Watermark Banknote (CWBN) production line.
• This initiative aims to combat fake currency and document forgery by increasing the supply of high-security paper.
• The new CWBN line will be set up at the Security Paper Mill (SPM) in Narmadapuram, Madhya Pradesh, replacing two older lines.
• It will produce high-security paper for currency notes, passports, and non-judicial stamp papers, with an annual capacity of 6,000 tonnes.
• The upgrade will double SPM's total annual capacity to 12,000 tonnes, making India self-sufficient in security paper production.

Why It Matters: India invests Rs 1,800 crore to enhance high-security paper production, combating counterfeiting and meeting rising demand.