VARNIKA: BRBNMPL INK MANUFACTURING UNIT

Context

Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly-owned subsidiary of the Reserve Bank of India, has opened an ink manufacturing unit called "Varnika" in Mysuru, Karnataka. RBI Governor Shaktikanta Das dedicated the new team to the country.

Key Points

• The capacity of this new ink manufacturing plant is 1,500 MT.
• This new institution aims to improve the security of the country's currencies.
• The government's "Make in India" initiative will benefit from this facility.
• This facility will ensure that all banknote ink is generated in-house.
• This facility also produces Colour Shift Intaglio Ink (CSII). As a result, this unit has been able to meet the needs of all of the country's banknote printing presses, resulting in greater self-sufficiency and cost-effectiveness in manufacturing banknote ink.

BRBNMPL

• The capacity of this new ink manufacturing plant is 1,500 MT.
• This new institution aims to improve the security of the country's currencies.
• The government's "Make in India" initiative will benefit from this facility.
• This facility will ensure that all banknote ink is generated in-house.
• This facility also produces Colour Shift Intaglio Ink (CSII). As a result, this unit has been able to meet the needs of all of the country's banknote printing presses, resulting in greater self-sufficiency and cost-effectiveness in manufacturing banknote ink.

Presses of BRBNMPL

• BRBNMPL has two presses, one in Salboni, West Bengal, and the other in Mysuru, Karnataka. 16 billion note pieces are printed each year in both of these machines.