No, I assumed you had to have the original. I just looked up the code:
Link
Sec. 1. (a) Except as provided in subsection (b) and section 2 of this chapter, a person shall not carry a handgun in any vehicle or on or about the person's body, except in the person's dwelling, on the person's property or fixed place of business, without a license issued under this chapter being in the person's possession.
That's not totally clear to me, but "a license issued under this chapter being in the person's possession" suggests to me that you need to have the original, literally the "license issued".
Maybe I'm being over cautious, but I'm thinking you'd get ticketed if, say, you tried to hand over a xerox of your driver's license at a traffic stop (though DL's have more security features than the Indiana hand gun license). In that example:
Link
Reproduction of driver's license
Sec. 11. (a) The commissioner may enter into a contract or an agreement authorizing a person to create and use a reproduction of a driver's license issued under this article.
(b) A person may not create or use a reproduction of a driver's license issued under this article unless the creation or use of the
reproduction is expressly authorized in writing by the commissioner. The commissioner may impose under IC 4-21.5 a civil penalty upon a person who violates this subsection. The amount of a civil penalty imposed under this subsection:
(1) shall be determined by the commissioner; and
(2) may not exceed ten thousand dollars ($10,000).
(c) Money paid to the bureau as:
(1) compensation to the state under a contract or an agreement entered into under subsection (a); or
(2) a civil penalty imposed under subsection (b);
shall be collected and deposited according to IC 9-29-1-1.
As added by P.L.115-1993, SEC.8.
I didn't see any law specifically restricting reproductions of carry licenses, though. Maybe overcautious, but I don't feel the need to be the guy to find out, either. Anybody have a definitive word?