News in Brief

India Inaugurates New Banknote Lines

As part of its modernisation programme, Security Printing and Minting Corporation of India Limited (SPMCIL) has commissioned new banknote printing lines at both of its printworks - Currency Note Press, Nashik and Bank Note Press, Dewas.

The contract for equipment was split between Koenig & Bauer Banknote Solutions and Komori. The new equipment include offset, intaglio, number and finishing equipment, both to replace and supplement existing lines.

The virtual inauguration of the new lines at Nashik was undertaken by Smt Sheera Swarup, Special Secretary and Financial Adviser at the Ministry of Finance (which owns SPMCIL) and at Dewas by Sh Shashank Saksena, Senior Economic Advise in the Ministry’s Department of Economic Affairs in front of MPs and senior executives of SPMCIL.