Reserve Bank of India’s wholly-owned subsidiary Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has set up an Ink Manufacturing Unit named “Varnika” at Mysuru, Karnataka. This new unit was dedicated to the nation by RBI governor Shaktikanta Das.
Overview:
- This new ink manufacturing unit has a capacity of 1,500 MT.
- This new unit has been set up to enhance the security of banknotes of the country.
- This unit will provide a boost to the ‘Make in India’ initiative of the government.
- This unit will ensure that the ink that is required for the printing of banknotes is entirely produced in-house.
- Colour Shift Intaglio Ink (CSII) is also being manufactured by this unit. Doing so, this unit has been meeting the requirements of all the banknote printing presses in the country, thus, self-sufficiency and cost efficiency in banknote ink production has increased.
About BRBNMPL
This organization mints all the Indian banknotes and was established in 1995 with the aim of addressing the increased demand for coins and banknotes. It operates by printing, designing, and supplying banknotes. Most of the country’s banknote requirements are supplied by BRBNMPL while the remaining requirements are met through Security Printing and Minting Corporation of India Limited (SPMCIL) which is a wholly-owned government agency of the Government of India. BRBNMPL’s headquarter is located in Bengaluru.
Presses of BRBNMPL
There are two presses of BRBNMPL in Salboni, West Bengal and Mysuru, Karnataka. 16 billion note pieces are being produced in both of these presses per year.