Private security printing press starts functioning

http://www.thedailystar.net/newDesign/news-details.php?nid=80036

Private security printing press starts functioning

Salim Prodhan, chairman of Japan-Bangladesh Security Printing & Papers Ltd, speaks at a press conference in Dhaka recently. Photo: JBSPPL

Salim Prodhan, chairman of Japan-Bangladesh Security Printing & Papers Ltd, speaks at a press conference in Dhaka recently. Photo: JBSPPL

Bss, Dhaka

A private security printing press, established in the country in January this year, is now functioning to meet the domestic demand for printing commercial and educational materials.

“We are printing all types of materials, including bank cheques and certificates of educational institutions,” Salim Prodhan, chairman of Japan-Bangladesh Security Printing and Papers Limited (JBSPL), said at a press conference at a city hotel yesterday.

Prodhan said Bangladesh has a big market for the commercial security printing of worth about Taka 4,000 crore annually, but its major portion is done by foreign companies. At present, the government security printing press is meeting only 20 to 30 percent of the total demand, he added.

The JBSPL will also try to explore the foreign markets by 2012 when a security paper manufacturing mill, now under construction, will be completed, he added.

Prodhan said the the sector is expanding due to the increasing economic and educational activities.

The demand for printing goods, including demand drafts, pay orders, share certificates, marksheets and tickets, is increasing day-by-day. It indicates that a vibrant national economy is in the offing, the JBSPL chairman said.

The JBSPL, a sister concern of Japan-Bangladesh Group (JBG), has already been working with Prime Bank, Exim Bank, Islami Bank Bangladesh Limited and Social Islami Bank, he said.

Vice Chairman of JBG Masamichi Taniguchi was present.

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