Jt venture to print security paper


Jt venture to print security paper
FE Report

A Japan-Bangladesh joint venture has taken an initiative to stem the document forgery in Bangladesh and stop it in all forms.

Japan-Bangladesh Security Printing and Papers Ltd (JBSPPL) has taken the project to produce security paper by setting up its manufacturing plant in 2012.

This was unveiled at a seminar on “Paper Forgery vs Security Printing: Step towards Digital Bangladesh” held Tuesday in the city.

Salim Prodhan, chairman of JBSPPL, said the project has been undertaken for manufacturing security papers, which will help to stop paper-based forgery and crime.

“Security papers are today imported and each year the country has to spend huge foreign currency. This project is expected to save around US$1.0 billion dollar a year and create huge employment opportunities,” said Mr. Prodhan

Prof Syed Modasser Ali, adviser to the prime minister attended the seminar as the chief guest while state minister for Land Mostafizur Rahman and Brain R. Peck, chief of Asia Pacific Region of TROY group, among others, spoke at the seminar.

Jahid Hossain, additional managing director of JBSPPL, his company has partnered with internationally reputed firm TROY to produce security papers. Currently MICR cheques and dividend warrants for the banks are being printed by the JBSPPL.

“Besides certificates and documents of various academic and other organizations are also printed with the exclusive products of TROY group with strict security measures of global standard by this institution” he added

Modasser Ali said technology is very necessary to build a digital Bangladesh.

Mostafizur Rahman said, paper forgery are committed all the sectors in the country. If we take right technology and use it properly we can avoid this problem.


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