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  Korean Government security printing co to Expand Trade in Bangladesh  

DHAKA, May 7: Dhaka and Seoul today agreed to expand the security printing businesses in Bangladesh aimed at controlling paper-forgery. An agreement to this effect was signed between ‘Security Printing and ID card Operating Corporation’ (KOMSCO), a state- owned Korean security printing company and Japan-Bangladesh Security Printing and Papers Ltd (JBSPPL), a subsidiary of local Japan Bangladesh Group at JBSPPL office in the city.Salim Prodhan Chairman Japan Bangladesh GroupJBSPPL chairman Salim Prodhan and Chief Executive Officer of KOMSCO Cho Byung Ho signed the agreement on behalf of their respective sides. Senior executives of Japan Bangladesh group were present on the occasion, among others. Under the deal, the KOMSCO will supply papers worth Taka 700 crore a year to meet the growing requirement of security papers in Bangladesh. “Bangladesh is one of the 20 countries doing security printing work at the state level,” Selim Prodhan told reporters after signing the agreement. On the deal, Prodhan said, COMSCO wants to bring modern technology in Bangladesh, which will help check paper-forgery. He said the JBSPPL has so far invested Taka 780 crore in security printing business and the volume of investment will reach to Taka 2,000 crore by 2012. Cho Byung said the COMSCO is now producing security paper, e- passport and bank notes by using modern technology. JBSPPL is now producing security papers for 22 financial institutions and 22 educational institutions.

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