Companies Bid for India’s Polymer Banknote Trial

Companies reported to have submitted bids to supply sheets with advanced security features for India’s polymer banknote trial include CCL Secure (Australia), Cosmo First in partnership with De La Rue, and Q&T Hi-Tech Polymer from Vietnam (partnering with India-based Pigment Allied)Pigments & Allieds). Spectra Systems, in partnership with India-based Uflex, also participated in the bid for its Fusion™ halal- and vegan-certified polymer.

As reported in the July issue of Currency News™, Bharatiya Reserve Bank Note Mudran Pvt Ltd (BRBNMPL), a wholly owned subsidiary of the Reserve Bank of India (RBI), issued a global Expression of Interest for the manufacture and supply of polymer substrates. The immediate requirement is for 68,000 reams of BOPP-based opacified polymer substrate, with 34,000 reams for each of two denominations – understood to be the ₹10 and ₹20.