Fi­nance min­is­ter asks SPMCIL to ex­pand ex­port foot­print

The Free Press Journal - - BUSINESS -

NEW DELHI: Fi­nance Min­is­ter Piyush Goyal on Sun­day asked state-owned Se­cu­rity Print­ing & Mint­ing Cor­po­ra­tion of In­dia (SPMCIL) to tap its full po­ten­tial and ex­pand ex­port foot­print so that profit can grow ex­po­nen­tially. "I am told that the com­pany has al­ready ini­ti­ated talks with some coun­tries for mint­ing of coins and you have po­ten­tial to ex­port to African coun­tries and Euro­pean na­tions," he said at the 13th foun­da­tion day event of SPMCIL here. The com­pany should have huge out­reach pro­gramme and try to get big or­ders in the area of mint­ing of coins, print­ing of cur­rency notes and postal stamp etc, he said, adding it should dream big and think of achiev­ing profit of Rs 6,000 crore.

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