India Government Mint, Noida is the only Mint established in the post-independence era. This is the fourth Mint in the country. In order to fill the gap between demand and supply of coins in the country, Government of India decided in the year 1984 to establish a new mint project at Noida with the estimated annual production capacity of 2000 million pieces of coins. The project was started by the Government of India, Ministry of Finance, Department of Economic Affairs in January, 1986 with an estimated budget of Rs 30 Crore. It was completed within the scheduled time and the Mint started regular production from 1st July, 1988. This Mint produced the stainless steel coins in the country for the first time. After corporatisation, the Mint is functioning as one of the Units of Security Printing and Minting Corporation of India Limited since 13.1.2006. Apart from meeting the indigenous demand, the Mint has produced coins for other countries also e.g. Thailand and Dominican Republic during past years. |
