STAFF WRITER 22:30 HRS IST
Vadodara, Aug 27 (PTI) Country made inks should be used in the printing of Indian currency to save Rs 250 crore being spent on importing of foreign ink for the purpose, Gujarat Chief Minister Narendra Modi said today.
Use of Indian made inks in the printing of currency notes will save the foreign exchange of Rs 250 crore and check the circulation of fake currency, he said.
He was speaking at the inauguration of Sakata Ink India Ltd's second plant at Panoli, about 100 km from here today.
Fake currency rackets weaken country's economy and printing of currency is linked with the security of the nation. Keeping in mind this aspect, Centre should produce ink at home, he suggested.
The Chief Minister advised Reserve Bank of India to research on inks to be used for the printing of currency notes.
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