Bank note paper mill in Odisha soon; BNPM India delegation meets Naveen

Bhubaneswar: A day after an RBI team visited Balasore district to take stock of situation for setting up a bank note paper mill, a delegation of Bank Note Paper Mill (BNPM) India Pvt. Ltd today met Chief Minister Naveen Patnaik for the project.

The delegation comprising of top executives of the company including Managing Director Thalikerappa S briefed CM Patnaik about the proposed project.

The BNPM India Pvt Ltd, a joint venture of Bharatiya Reserve Bank Note Mudran Private Ltd, is planning to set up a bank note paper mill at Padabadagaon village under Remuna Block in Balasore district at an investment of Rs 2,500 crore.

CM Patnaik assured the delegation of providing complete support to the company for the proposed project in Balasore.

On Tuesday, a three-member team of Reserve Bank of India had visited Padabadagaon village on outskirts of Balasore town for the proposed project.

According to reports, about 100 acre land will be acquired to set up the bank note paper mill in Odisha.