SPMCIL’s role pivotal in strengthening India's economic and security printing framework and its commitment to innovation, self-reliance, and sustainability is commendable: FM Smt. Sitharaman

Nirmala Sitharaman and Union Minister of State for Finance, Shri Pankaj Chaudhary inaugurated the Security Printing and Minting Corporation of India Limited’s (SPMCIL) new corporate office at World Trade Centre, Nauroji Nagar, New Delhi

Ms. Anuradha Thakur, Officer on Special Duty (OSD), Department of Economic Affairs (DEA), and other senior officials from the Ministry of Finance, members of SPMCIL Board, senior officers of SPMCIL, and representatives of employee unions were also present.

In her keynote address, the Union Finance Minister commended SPMCIL for this significant milestone, and emphasised that the new facility would result in substantial cost savings on lease rentals while also improving administrative efficiency, internal coordination, and employee engagement.

Commending the Corporation’s issuance of 210 commemorative coins to date, including 105 in the last decade, and underscored that its souvenir coins  have come to represent Brand India, while serving as prestigious and meaningful gifts that reflect the nation’s rich cultural heritage, Smt. Sitharaman highlighted that SPMCIL’s products, including currency notes, coins, passport paper, postal items, etc. that are integral to the functioning of the nation.

The Union Finance Minister particularly appreciated the souvenir coins themed on the Panchatantra, noting the positive public reception and cultural significance of the collection and also acknowledged SPMCIL’s key role in producing national medals and medallions, including the Bharat Ratna, which represent the highest civilian honours.