Mysore, March 22: The government today said a high- level review committee has been constituted to suggest a roadmap for total indigenisation of currency production as fake currency poses a threat to the nation’s economy.
Laying the foundation stone for a Rs 1,500-crore currency paper manufacturing unit at the Bharatiya Bank Note Mudrana premises here, Finance Minister Pranab Mukherjee said the ministry would pursue the review committee’s recommendations to its logical end.
Referring to the menace of counterfeit currency notes, the Minister said it posed a threat to the nation’s economy “albeit of a miniscule nature” and added that the government was vigilant in relation to all security aspects of currency.
With India’s achievements in the field of science and technology, the issue of indigenisation as such would not pose a problem, he said.
–Agencies