"CSIR-National Chemical Laboratory (CSIR-NCL), Pune entered into a Memorandum of Understanding (MOU) with Security Printing and Minting Corporation of India Ltd (SPMCIL)," a release from the Finance Ministry said today.
The MoU will help research and exchange of technical expertise in material sciences and testing capabilities for bank notes, security documents and coins.
"The agreement ascertained the research projects within the focus areas of SPMCIL's requirements and domain expertise available at CSIR-NCL," said the release.
The MoU seeks to explore printing innovations.