India Government Mint, Noida

Last updated

India Government Mint, Noida
Formation1 July 1988;35 years ago (1988-07-01)
Founder Indian Finance ministry
Founded at Noida, Uttar Pradesh, India
Type Public sector undertaking
Legal status Mint
PurposeTo mint coins for India and other countries.
Headquarters Janpath, Delhi, India
Location
  • Sector-1, Noida, Uttar Pradesh
Coordinates 28°35′30.4656″N77°18′46.3752″E / 28.591796000°N 77.312882000°E / 28.591796000; 77.312882000 [1]
Parent organization
SPMCIL
Subsidiaries None
Website igmnoida.spmcil.com/Interface/Home.aspx

The India Government Mint, Noida, is one of the four mints in India; based in Noida, in the state of Uttar Pradesh, the mint started production on 1 July 1988 and is the only India Government Mint established since India became an independent country in 1947. [2] It produced the first stainless steel coins in India and aside from producing coins for its home country, it also produces coins for other countries.

Contents

History

In 1984, the Government of India decided to establish a new mint in the India city of Noida, Uttar Pradesh. With an estimated annual production capacity of 2,000 million coins, the new mint was established to cater to the increasing demand for coins in India. In January 1986 the project was started by the Department of Economic Affairs under the Ministry of Finance with a budget of 30 crore (equivalent to 408 croreorUS$51 million in 2023). The mint was completed on time and began production on 1 July 1988. It produced the first stainless steel coins for India. [3]

Organisation

Since 13 January 2006, the India Government Mint at Noida has been a part of Security Printing & Minting Corporation of India Limited. It is headed by a board of directors. [4]

Mint mark

Coins minted at the India Government Mint, Noida carries its mint mark of a small or large dot (° or o). [5]

Noida Mint marks on rupee coins (The image at the top bears a mintmark of Mexico city, not Noida) Noida Mint marks.jpg
Noida Mint marks on rupee coins (The image at the top bears a mintmark of Mexico city, not Noida)

Production

Aside from producing coins for India, the mint has also produced coins for Thailand and Dominican Republic. From April 2012, the mint introduced night-shift production. [3] [2] Before the November 2016 demonetization of INR500 and INR1000 banknotes, the mint produced nearly 40% of the total coins and had an annual target of producing coins worth 400 crore (US$50 million). This production was later increased due to shortage of liquid currency. [6]

Related Research Articles

<span class="mw-page-title-main">Uttar Pradesh</span> State in Northern India

Uttar Pradesh is a state in northern India. With over 241 million inhabitants, it is the most populated state in India as well as the most populous country subdivision in the world – more populous than all but four other countries outside of India – and accounting for 16.5 percent of the total population of India. It was established in 1950 after India had become a republic. It is a successor to the United Provinces, established in 1935 by renaming the United Provinces of Agra and Oudh, in turn established in 1902 from the North-Western Provinces and the Oudh Province. Lucknow serves as the state capital, with Prayagraj being the judicial capital. The state is divided into 18 divisions and 75 districts. On 9 November 2000, a new state, Uttaranchal, was created from Uttar Pradesh's western Himalayan hill region. The two major rivers of the state, the Ganges and its tributary Yamuna, meet at the Triveni Sangam in Prayagraj, a Hindu pilgrimage site. Other notable rivers are Gomti and Saryu. The forest cover in the state is 6.1 per cent of the state's geographical area. The cultivable area is 82 per cent of the total geographical area, and the net area sown is 68.5 per cent of the cultivable area.

<span class="mw-page-title-main">Steel Authority of India Limited</span> Central Public Sector Undertaking

Steel Authority of India Limited (SAIL) is a central public sector undertaking based in New Delhi, India. It is under the ownership of the Ministry of Steel, Government of India with an annual turnover of 105,398 crore (US$13 billion) for the fiscal year 2022-23. Incorporated on 24 January 1973, SAIL has 57,139 employees. With an annual production of 18.29 million metric tons, It is the largest government owned steel producer. The hot metal production capacity of the company will further increase and is expected to reach a level of 50 million tonnes per annum by 2025.

<span class="mw-page-title-main">Meerut</span> Metropolis In Uttar Pradesh, India

Meerut is a city in Meerut district of the western part of the Indian state of Uttar Pradesh. The city lies 80 km (50 mi) northeast of the national capital New Delhi, within the National Capital Region and 480 km (300 mi) west of the state capital Lucknow.

<span class="mw-page-title-main">Mayawati</span> 18th Chief Minister of Uttar Pradesh

Kumari Mayawati is an Indian politician who served as the 18th Chief Minister of Uttar Pradesh from 1995 to 1995, 1997 to 1997, 2002 to 2003 and from 2007 to 2012. She is the national president of the Bahujan Samaj Party (BSP), which focuses on a platform of social change for Bahujans, more commonly known as Other Backward Castes, Scheduled Castes and Scheduled Tribes as well as religious minorities since 2003. She had also served as a Member of Parliament, Rajya Sabha from 2012 to 2017 from Uttar Pradesh. Mayawati's rise from humble beginnings has been called a "miracle of democracy" by P. V. Narasimha Rao, former prime minister of India. In 1993, Kanshi Ram formed a coalition with the Samajwadi Party and Mayawati became the Chief Minister of Uttar Pradesh in 1995. She was the first female Scheduled Caste chief minister in India. In 1997 and in 2002 she was chief minister with outside support from the Bharatiya Janata Party (BJP), the second time only for a year up to 26 August 2003 due to BJP withdrawing support. Mayawati's tenure has attracted praise and criticism. Millions of Dalits across India popularly view her as an icon, and refer to her as Behen-ji and Iron lady. She has been praised for her fundraising efforts on behalf of her party and her birthdays have been widely celebrated by her supporters. On the contrary, the rise in her personal wealth and that of her party have been criticised as indicative of corruption.

<span class="mw-page-title-main">Noida</span> Metropolis in Uttar Pradesh, India

Noida, short for New Okhla Industrial Development Authority, is a city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region. According to the 2021 Delhi Master Plan, Noida is a part of CNCR or DMA. As per provisional reports of Census of India, the population of Noida in 2011 was 642,381. The city is managed by New Okhla Industrial Development Authority (NOIDA). The district's administrative headquarters are in the nearby city of Greater Noida.

<span class="mw-page-title-main">Coins of the Indian rupee</span>

Coins of the Indian rupee () were first minted in 1950. New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees. All of these are produced by four mints located across India, in Kolkata, Mumbai, Hyderabad, Noida.

<span class="mw-page-title-main">National Capital Region (India)</span> Planning region in India

The National Capital Region (NCR) is a planning region centered upon the National Capital Territory (NCT) of Delhi in India. It encompasses Delhi and several districts surrounding it from the states of Haryana, Uttar Pradesh, and Rajasthan. The NCR and the associated National Capital Region Planning Board (NCRPB) were created in 1985 to plan the development of the region and to evolve harmonized policies for the control of land-uses and development of infrastructure in the region. Prominent cities of NCR include Delhi, Faridabad, Ghaziabad, Gurgaon and Noida.

<span class="mw-page-title-main">Greater Noida</span> City in Uttar Pradesh, India

Greater Noida is a planned city located in the Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. The city was created as an extension of the area under the UP Industrial Area Development Act, of 1976. Situated 30 km (19 mi) southeast of the capital city of New Delhi, it takes around 30 minutes to travel between the cities via the Noida-Greater Noida Expressway. The city is administered by the Greater Noida Industrial Development Authority (GNIDA). It is part of Meerut Division in Uttar Pradesh.

The India Government Mint operated four mints in the country for the production of coins:

<span class="mw-page-title-main">Economy of Uttar Pradesh</span>

Uttar Pradesh is the most populous state in India with a population of nearly 240 million people. The economy of Uttar Pradesh is the fifth largest among states in India. At current prices, the gross state domestic product (GSDP) of Uttar Pradesh is estimated to be Rs. 24.99 trillion in 2022–23. Merchandise exports from Uttar Pradesh reached US$21.03 billion in FY22.

<span class="mw-page-title-main">Noida International Airport</span> Upcoming international airport to serve Noida and Greater Noida in Uttar Pradesh, India

Noida International Airport, also known as Jewar Airport, is an upcoming international airport being constructed near Jewar in Gautam Buddha Nagar District, Uttar Pradesh in India, which will serve the National Capital Region (NCR). The airport is situated in the new planned YEIDA city.

<span class="mw-page-title-main">Lucknow Metro</span> Rapid transit system in Lucknow, Uttar Pradesh, India

Lucknow Metro is a mass rapid transit (MRT) system in Lucknow, Uttar Pradesh, India. The metro is owned and operated by the Uttar Pradesh Metro Rail Corporation (UPMRC). Frequency.of the Metro is 5 - 7 minutes.

<span class="mw-page-title-main">Noida Metro</span> Rapid transit system serving Noida and Greater Noida in the National Capital Region of India

The Noida Metro is a rapid transit system connecting the twin cities of Noida and Greater Noida in Gautam Buddh Nagar, Uttar Pradesh, India. The metro network consists of one line, with a total length of 29.7 kilometres (18.5 mi) serving 21 stations. The system has all elevated stations using standard-gauge tracks.

<span class="mw-page-title-main">Uttar Pradesh Metro Rail Corporation</span> Company that operates the Lucknow Metro in Uttar Pradesh, India

The Uttar Pradesh Metro Rail Corporation(UPMRC) is a joint venture company that operates the Lucknow Metro, Agra Metro and Kanpur Metro.The Varanasi Metro, Prayagraj Metro, Gorakhpur Metro, and Bareilly Metro are proposed by UPMRC. The company's headquarters is at Vipin Khand, Gomti Nagar Lucknow

<span class="mw-page-title-main">Make in India</span> Government initiative to encourage manufacturing in India

Make in India is an initiative by the Government of India to create and encourage companies to develop, manufacture and assemble products made in India and incentivize dedicated investments into manufacturing. The policy approach was to create a conducive environment for investments, develop a modern and efficient infrastructure, and open up new sectors for foreign capital. The initiative targeted 25 economic sectors for job creation and skill enhancement, and aimed "to transform India into a global design and manufacturing export hub."

<span class="mw-page-title-main">Pradhan Mantri Ujjwala Yojana</span> Indian government energy scheme

Pradhan Mantri Ujjwala Yojana was launched by Prime Minister of India Narendra Modi on 1 May 2016 to distribute 50 million LPG connections to women of Below Poverty Line (BPL) families. A budgetary allocation of 80 billion (US$1.0 billion) was made for the scheme. The scheme was replaced by the Ujjwala Yojana 2.0 in 2021.

Early in the twenty-first century, foreign investment as well as government regulations and incentives promoted growth in the Indian electronics industry. The semiconductor industry, which is its most important and resource-intensive sector, profited from the rapid growth in domestic demand. Many industries, including telecommunications, information technology, automotive, engineering, medical electronics, electricity and solar photovoltaic, defense and aerospace, consumer electronics, and appliances, required semiconductors. However, as of 2015, progress was threatened by the talent gap in the Indian sector, since 65 to 70 percent of the market was dependent on imports.

India Government Mint, Hyderabad is one of the four mints in India. Based in Cherlapally, Secunderabad in the Indian state of Telangana, the mint was originally established in 1803 AD as the Royal Mint to serve as the mint for the Nizam of Hyderabad. The mint was founded by Mir Akbar Ali Khan Sikander Jah, Asaf Jah III and was originally situated at Sultan Sahi in Moghalpura suburb of Hyderabad city. In 1950, the mint was taken over by the Government of India, and in 1997 it was shifted to its present location at Cherlapally in Secunderabad. Indian 1, 2, 5 and 10 rupee coins are produced in this mint.

<span class="mw-page-title-main">Provincial Civil Service (Uttar Pradesh)</span> Administrative civil service under the State government of Uttar Pradesh

Provincial Civil Service of Uttar Pradesh (IAST: Prāntīya Civil Sevā, often abbreviated to as PCS, is the administrative civil service of the Government of Uttar Pradesh comprising Group A and Group B posts. It is also the feeder service for Indian Administrative Service in the state.

<span class="mw-page-title-main">Coforge</span> Indian multinational technology company

Coforge, formerly known as NIIT Technologies, is an Indian multinational information technology company based in Noida, India and New Jersey, United States. The company's stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India under the ticker symbol COFORGE.

References

  1. "Coordinates". latlong.net. Archived from the original on 7 August 2017. Retrieved 9 January 2017.
  2. 1 2 "About us". Official website. Archived from the original on 5 October 2018. Retrieved 9 January 2017.
  3. 1 2 "History". Official website. Archived from the original on 5 October 2018. Retrieved 9 January 2017.
  4. "Organization Structure". Official website. Archived from the original on 5 October 2018. Retrieved 9 January 2017.
  5. "Mint mark". numista. Retrieved 9 January 2017.
  6. Salaria, Shikha (19 November 2016). "Noida mint increases coin production by 20%". The Times of India. Noida. Retrieved 12 January 2017.