Union Minister of Finance Arun Jaitley gave away awards for excellence at the 11thFoundation Day celebrations of Security Printing and Minting Corporation of India Ltd. (SPMCIL) at the National Media Centre, New Delhi.
The awards were given away to 26 employees of SPMCIL for their excellence in various fields during the year 2015-16.
Besides, different units of SPMCIL were also awarded for their work in areas of 1) Productivity – India Government Mint, Mumbai, 2) Energy Conservation – India Security Press, Nashik, 3) Environment & Safety – India Government Mint, Noida, 4) Training and Development – Security Paper Mill, Hoshangabad, 5) Vigilance – Bank Note Press, Dewas, and 6) Official Language (Shankar Dayal Singh Shield) – Currency Note Press, Nashik. The CMD Cup was awarded to the India Security Press, Nashik.
Finance Minister congratulated SPMCIL for becoming debt free and said that SPMCIL not only mints money but also makes money for the government.
About Security Printing and Minting Corporation of India Ltd:
Security Printing and Minting Corporation of India Ltd. (SPMCIL), a Miniratna Category-I, Schedule-‘A’ Central Public Sector Enterprise (CPSE) was incorporated on 13th January, 2006 to manage four India Government Mints, two Currency Presses, two Security Presses and one Security Paper Mill, which were earlier being managed directly by the Government of India (Ministry of Finance). The Corporation is wholly owned by the Central Government.
The clients of SPMCIL include the Reserve Bank of India for Currency Notes, State Governments for Non-Judicial Stamp Papers and allied stamps, and Postal Department for postal stationery, stamps, etc.
Security Presses also produce various security items like cheques, railway warrants, income tax return order forms, saving instruments, commemorative stamps etc. for various clients and passports, visa stickers and other travel documents for Ministry of External Affairs and Ministry of Home Affairs.
Department of Economic Affairs (DEA), Ministry of Finance is the client for Circulating Coins from the corporation.
The Corporation has also setup a Joint Venture in October 2010 with Bhartiya Reserve Bank Note Mudran Pvt. Ltd. (BRBNMPL) in the name of Bank Note Paper Mill India Private Limited (BNPMIPL) that will lead to indigenous production of major CWBN paper requirement, import substitution thereby saving valuable foreign exchange and further aiding India becoming self-reliant in banknote paper production.