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. 

On 27 January, 2022, the inauguration of new bank note printing line at CNP Nashik was done by Smt. Meera Swarup, Special Secretary & Financial Adviser, Ministry of Finance, and for the new bank note printing line at Bank Note Press, Dewas inauguration was done by Sh. Shashank Saksena, Sr. Economic Adviser, Department of Economic Affairs, Ministry of Finance, through virtual mode in the presence of Member of Parliament Sh. Hemant Tukaram Godse from Nashik constituency; Smt. Tripti Patra Ghosh, Chairman and Managing Director, SPMCIL; Sh. S.K. Sinha, Director (HR), SPMCIL; Sh. Vinay Kumar Singh, CVO, SPMCIL; Sh. Rajesh Bansal, Chief General Manager, BNP Dewas and Sh. Bolewar Babu, Chief General Manager, CNP Nashik. 

Bank note printing lines commissioned to expand currency production capacity, inaugurated by senior finance ministry and SPMCIL officials. SPMCIL has commissioned new bank note printing lines at Currency Note Press, Nashik and Bank Note Press, Dewas as part of modernization and capacity-expansion initiatives; the installations add to national currency production infrastructure. The lines were inaugurated on 27 January 2022 in ceremonies involving senior finance ministry and SPMCIL officials, reported in a press release.