Security Printing and Minting Corporation of India

Security Printing and Minting Corporation of India Limited (SPMCIL) is an Indian government-owned corporation that engages in the production of bank notes, coins, non–judicial stamps, postage stamps, and other government related documents for India.[1] The company was formed in 2006 as the result of corporatisation of security presses and mints functioning under the Indian Ministry of Finance. It contains nine units, four mints, and a paper mill.[2]

Units

Presses

SPMCIL comprises four presses: Currency Note Press (CNP), Bank Note Press (BNP), India Security Press, and Security Printing Press.[3] CNP was established in 1928 as the first printing press for bank notes in India.[4] Both CNP, located in Nashik, Maharashtra, and BNP, located in Dewas, Madhya Pradesh, print the Indian currency notes. They are currently responsible for the printing of the new 500 rupee notes following the demonetisation of the old 500 rupee and 1000 rupee note. Currency is also printed by the two presses of Bharatiya Reserve Bank Note Mudran Private Limited, a wholly-owned subsidiary of Reserve Bank of India. They are currently responsible for the printing of the new 2000 rupee notes, and speculations suggest that the printing of the 500 rupee notes will also shift to these presses for better speed and fewer errors. [5] BNP also has an ink factory that produces ink for security printing.[6] India Security Press, located in Nashik, and Security Printing Press, located in Hyderabad, produce travel documents, postage stamps, and other government-related documents.[3][7]

Mints

SPMCIL comprises four mints: India Government Mint, Mumbai, India Government Mint, Kolkata, India Government Mint, Hyderabad, and India Government Mint, Noida.[3] These mints produce coins, and medals and awards, as required by the Government of India.[8]

Paper mill

Security Paper Mill was established in 1968 at Hoshangabad, Madhya Pradesh. It produces papers for banknotes and non–judicial stamps and further prints with new enchanced unit.[9] bank note paper mill india private limited prints paper for indian currency and located in mysore.

References

  1. ↑ "To reduce imports, Security Printing and Minting Corporation of India Ltd, RBI to enhance currency note facility". Times of India. 12 February 2013. Retrieved 24 May 2014.
  2. ↑ "Record Performance of SPMCIL in Production of Bank Notes, Coins and Security Products During 2012–13". Press Information Bureau. 14 May 2013. Retrieved 24 May 2014.
  3. 1 2 3 Thorpe Edgar. The Pearson Guide to the Central Police Forces. Pearson Education India. p. 209. ISBN 978-81-317-1569-7.
  4. ↑ "Notes from the mint". Business Standard. 28 August 2010. Retrieved 25 May 2014.
  5. ↑ Pathak (1 September 2007). The Indian Financial System: Markets, Institutions And Services, 2/E. Pearson Education India. p. 729. ISBN 978-81-7758-562-9.
  6. ↑ "SPMCIL to invest in security paper and ink manufacturing as a part of its Rs 2500-cr expansion plan". printweek.com. Retrieved 25 May 2014.
  7. ↑ "India Security Press stir at Nashik called off: Union". Zee News. 14 April 2013. Retrieved 25 May 2014.
  8. ↑ "Crafting Bharat Ratna, Padma Medals at Kolkata Mint". Press Information Bureau. January 2014. Retrieved 25 May 2014.
  9. ↑ "Speech of the Hon'ble Finance Minister on the occasion of the Foundation Stone laying of Bank Note Paper Line at SPM, Hoshangabad today". Press Information Bureau. 17 December 2011. Retrieved 25 May 2014.

External links

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