Nepal government mulling to establish security printing

KATHMANDU: Finance Minister Shankar Koirala has said that Nepal Government is preparing to establish a security printing in the country in the offing.

At the First National General Convention of the Nepal Printing Industry Association here today, the finance minister said establishing a special press to stop national currency from going outside the country as the nation has to invest a large amount of money for security printing abroad has been inevitable.

The printing industry not only supports in revenue collection but also creates opportunity of employment and supports the state and that the government was positive to address the problems of the printing entrepreneurs.

The government has a policy to work in the public-private partnership for making the economy dynamic and development of industries, said Koirala. The government is ready to reform the existing laws and move ahead if there is something unclear in acts and regulations, he said.