<h1>Finance Minister to Launch New Bank Note Paper Line in Hoshangabad, Boosting Local Production and Economy.</h1> The Finance Minister will inaugurate a new bank note paper line at the Security Paper Mill in Hoshangabad, with a capacity of 6,000 MT. This initiative, part of the indigenization efforts by the Security Printing and Minting Corporation of India Limited (SPMCIL), aims to reduce reliance on imported bank note paper. Additionally, a joint venture in Mysore will add 12,000 MT capacity, leading to a combined production of 18,000 MT and saving approximately Rs. 1,500 crore in foreign exchange. The project, completed at a cost of Rs. 495 crore, will boost local employment and economy while enhancing security features in currency production.