CM opens 51st All India Paper Traders’ Conference

Published By : Admin | September 1, 2012 | 20:42 IST

Paper to print currency note be printed in India; need for research to find newer raw materials to produce paper: Narendra Modi

 

Ahmedabad, Saturday: Gujarat Chief Minister Narendra Modi today stressed on the need to indigenize producing paper for printing currency notes. It is a matter of disgrace that the paper printing Mahatma Gandhi’s watermark on the currency notes should be imported.

Inaugurating the 51st All India Paper Traders’ Conference under the aegis of Ahmedabad Paper Merchants Association here, he said the ample water and electricity are the prerequisite of paper manufacturing. He said that Gujarat is a major producer of paper in the country. Gujarat has also excellent infrastructure like uninterrupted power, broadband connectivity and gas-grid for setting up industries. He invited more paper manufacturers to the state.

It is for the first time the conference is being held in Ahmedabad and the organizers have invited a chief minister to inaugurate.

Mr. Modi said that per capita consumption of paper is very low in India. It is a big importer of paper too. There is scope for increasing production, as well as research to find newer sources of raw materials, besides recycling waste papers. There is scope for research in producing paper with less water and electricity. He cited Navsari Agricultural University’s experiment in producing paper from the barks of banana tree. It is found to last longer than other varieties.

The Chief Minister felicitated senior paper traders on the occasion.

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PM to disburse incentives worth around ₹2,400 crore under PM-VBRY on 19 June
June 17, 2026
First-Time Employees to Receive Incentive of up to ₹15,000
To encourage sustained job creation, Employers eligible for Incentive of up to ₹3,000 per Month per Additional Employee
PM-VBRY is designed to facilitate Job Creation, Formalisation of Employment and Expansion of Social Security Coverage
Scheme has already Facilitated Employment for 15 Lakh Beneficiaries Across the Country

Prime Minister Shri Narendra Modi will disburse incentives worth around ₹2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) at a special programme to be held on 19 June 2026 at 5 PM at Vigyan Bhawan, New Delhi.

The disbursal marks a significant milestone in the implementation of PM-VBRY, the Government of India’s flagship employment-linked incentive scheme aimed at accelerating job creation, promoting formalisation of employment, enhancing employability, and expanding social security coverage across sectors. The scheme has already supported the creation of 15 lakh employment opportunities across the country.

PM-VBRY is designed to encourage both workers and employers to participate in the formal economy. Under the scheme, first-time employees are eligible for an incentive of up to ₹15,000, providing crucial support as they enter the workforce. Employers generating additional employment are eligible for incentives of up to ₹3,000 per month per additional employee, thereby encouraging sustained job creation. Recognising the strategic importance of manufacturing in driving economic growth, employers in the manufacturing sector are eligible to receive incentives for a period of four years, while employers in all other sectors can avail incentives for two years.

The scheme reflects the Government’s commitment to fostering an enabling ecosystem for employment-led growth and ensuring that the benefits of India’s economic progress translate into quality formal employment opportunities for its youth.

PM-VBRY came into effect on 1 August 2025. With a total outlay of ₹99,446 crore, the scheme aims to incentivise the creation of more than 3.5 crore jobs over a two-year period. Of these, approximately 1.92 crore beneficiaries are expected to be first-time entrants into the workforce. By supporting both employees and employers, the scheme is playing a transformative role in expanding formal employment, strengthening social security coverage, and advancing the vision of a Viksit Bharat.