Security Printing and Minting Corporation of India Limited (SPMCIL) under its modernization initiatives has set up New Bank Note Printing Lines each at Currency Note Press, Nashik and Bank Note Press, Dewas. SPMCIL is a Government of India-owned Miniratna company and is engaged in the manufacture/production of Currency and Bank Notes, Security Paper.
Dewas inauguration was done by Shashank Saksena, Sr. Economic Adviser, Department of Economic Affairs, Ministry of Finance, through virtual mode. In India, we have four printing presses for printing and supply of Banknotes. These are at Dewas in Madhya Pradesh, Nasik in Maharashtra (owned by SPMCIL) Mysore in Karnataka, and Salboni in West Bengal (owned by Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)).