India's first pulp line unit for production of bank note paper - Indian polity and Governance

Q.  Consider the following statements

1.India's first new pulp line unit for production of bank note paper is established at Hoshangabad in Madhya Pradesh
2. It will eliminate the need to import its currency paper from Australia and Japan.

Which of the above statements is/are correct?
- Published on 05 Jun 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both
 
It is the initiative under Make in India.

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