SPMCIL units at Nashik, Dewas to be modernised soon

NASHIK: The units of Security Printing and Minting Corporation of India ( SPMCIL) at Nashik in Maharashtra and Dewas in Madhya Pradesh will be soon modernised with latest technology at a cost of Rs 400 crore.

Union Minister of State for Finance, Namo Narain Meena made this announcement while speaking at the Foundation Day of India Security Press (ISP) here at the Nashik road yesterday.

Stating that the Corporation was generating a profit of Rs 100 crore every year, Meena congratulated ISP for maintaining high quality and standards in production.

The ISP was awarded for being best performing SPMCIL unit on the occasion.

He said that both the units in Maharashtra and MP will be equipped with modern technology to upgrade productivity.

The minister also appealed to the employees to maintain secrecy and integrity while performing their duties at the units as SMPCIL was the only body engaged in printing currency notes and judicial stamp papers in the country.

Managing Director of SMPCIL, M S Rana, Director Dr Manoranjan Das, NCP MP from Nashik Sameer Bhujbal were also present.