Bank Note Paper Mill India Pvt Ltd, a joint venture of Bharatiya
Reserve Bank Note Mudran Pvt Limited, plans to set up a bank note paper mill at Balasore, about 240km from here.
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The mill will come up at Padabadagaon village under Remuna Block in Balasore district with an investment of Rs 2,500 crore.
Managing Director of Bank Note Paper Mill India Pvt Ltd Thalikerappa S. called on Odisha chief minister Naveen Patnaik on Wednesday at Naveen Nivas and briefed him on the details of the project.
On Tuesday, a five-member team from the RBI visited the spot and assessed the infrastructure required for the project. Around 100 acres of land is required to set up the mill.
