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Amit Agarwal, Google Developer Expert, introduces PDF Toolbox, a new Google add-on that can encrypt and decrypt PDF files in Google Drive. The add-on allows users to password protect PDFs and remove password protection. It can also password protect Google documents, spreadsheets, and slides by converting them to PDF format and encrypting them with a specified password. To get started, visit the provided link in the video description and add the add-on to your Google account by granting necessary permissions. A PDF icon will appear in the Google Drive sidebar once permissions are granted.