Make in India
The Reserve Bank recently came up with fresh tender for currency security features, mandating that the supplier must have set up the manufacturing unit in the country within two years and gradually increase the local content.
RBI cancelled two tenders issued earlier for supply of security features and fibre for currency notes in order to incorporate ‘Make in India’ as an essential requirement.
The tender released is for supply of different types of security threads, colour-shifting ink, foil patch, security fibre, paper based taggant, ink based taggant, advanced watermark and micro perforation.
“Bidder may note that their acceptance of the ‘Make in India’…is a mandatory requirement for considering the bidder eligible,” RBI said while inviting pre-qualification bids for supply of security features for Indian banknotes.