The India Government Mint, Noida, is one of the four

mints A mint or breath mint is a food item often consumed as an after-meal refreshment or before business and social engagements to improve breath odor. Mints are commonly believed to soothe the stomach given their association with natural byproducts ...

in India; based in

Noida Noida, short for New Okhla Industrial Development Authority, is a planned 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 (NCR) o ...

, in the state of

Uttar Pradesh Uttar Pradesh (; , 'Northern Province') is a state in northern India. With over 200 million inhabitants, it is the most populated state in India as well as the most populous country subdivision in the world. It was established in 1950 ...

, the mint started production on 1 July 1988 and is the only

India Government Mint The India Government Mint operates four mints in the country for the production of coins: * Mumbai, Maharashtra * Kolkata, West Bengal * Hyderabad, Telangana * Noida, Uttar Pradesh History Under The Coinage Act, 1906, the Government of Indi ...

established since India became an independent country in 1947. It produced the first

stainless steel Stainless steel is an alloy of iron that is resistant to rusting and corrosion. It contains at least 11% chromium and may contain elements such as carbon, other nonmetals and metals to obtain other desired properties. Stainless steel's corros ...

coins in India and aside from producing coins for its home country, it also produces coins for other countries.

History

In 1984, the

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...

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 A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Eco ...

with a budget of . The mint was completed on time and began production on 1 July 1988. It produced the first stainless steel coins for India.

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 A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

Mint mark

Coins minted at the India Government Mint, Noida carries its

mint mark A mint mark is a letter, symbol or an inscription on a coin indicating the mint where the coin was produced. It should not be confused with a mintmaster mark which is the mark of the mintmaster. History Mint marks were first developed to locate ...

of a ''small or large dot'' (° or o). Noida Mint marks

Production

Aside from producing coins for India, the mint has also produced coins for

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...

and

Dominican Republic The Dominican Republic ( ; es, República Dominicana, ) is a country located on the island of Hispaniola in the Greater Antilles archipelago of the Caribbean region. It occupies the eastern five-eighths of the island, which it shares wit ...

. From April 2012, the mint introduced night-shift production. 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 . This production was later increased due to shortage of liquid currency.

References

{{Indian currency 1988 establishments in Uttar Pradesh Mints of India Numismatics Organisations based in Noida