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        Case ID :
        Income Tax

        MoS (Finance) urges SPMCIL to focus its Marketing Activities to Source New Business Opportunities and Diversify into Unexplored Newer Business areas

        February 12, 2013

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        Diversification into non-coinage security products urged to boost marketing, R&D and global competitiveness. Minister of State (Finance) urged SPMCIL to intensify marketing to source new business and diversify into non-coinage and counterfeit-prone product lines such as medals, weights and measures, and security documents; he stressed strengthening R&D to introduce innovative, high-quality security features at lower cost, deploying state-of-the-art machinery to reduce counterfeiting, and leveraging corporatisation gains-including debt-free status, Miniratna-I recognition, improved MoU ratings, process re-engineering, and capacity expansions-to support strategic diversification and competitiveness.

        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

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        <h1>Diversification into non-coinage security products urged to boost marketing, R&D and global competitiveness.</h1> Minister of State (Finance) urged SPMCIL to intensify marketing to source new business and diversify into non-coinage and counterfeit-prone product lines such as medals, weights and measures, and security documents; he stressed strengthening R&D to introduce innovative, high-quality security features at lower cost, deploying state-of-the-art machinery to reduce counterfeiting, and leveraging corporatisation gains-including debt-free status, Miniratna-I recognition, improved MoU ratings, process re-engineering, and capacity expansions-to support strategic diversification and competitiveness.

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