Security Printing and Minting Corporation of India Ltd. (SPMCIL)

Security Printing and Minting Corporation of India Ltd. (SPMCIL)

Part of: Prelims and GS-III Economy

Context: The Delhi headquarters of the Security Printing and Minting Corporation of India Ltd. (SPMCIL) has been declared a “prohibited place” under the Section 2 of the Official Secrets Act, 1923 by the Union Home Ministry “to prevent the entry of unauthorised persons”.

Key takeaways 

• The Security Printing & Minting Corporation of India Ltd. (SPMCIL) is a government printing and minting agency.
• It is under the jurisdiction of Ministry of Finance.
• It was incorporated in 2006 with its registered office at New Delhi.
• Role: It is engaged in the manufacture and production of:
  • currency and bank notes
  • security paper
  • non-judicial stamp papers, postal stamps
  • stationery
  • passport and visa stickers, security inks, circulation, commemorative coins and others.
• The nine production units of the SPMCIL, where banknotes and other government papers are manufactured, are already prohibited places.
  • The nine production units are: four India Government Mints, two Currency Note Presses, two Security Printing Presses and one Security Paper Mill located in Mumbai, Kolkata, Hyderabad, Noida, Nashik, Dewas and Narmadapuram.

News Source: TH