Uflex and Spectra Systems bid for RBI polymer banknote plan
In short
Uflex and Spectra Systems have bid for the RBI’s proposed polymer banknote programme. The plan is to supply polymer-based material for ₹10 and ₹20 notes.
This matters because it could affect how India makes some currency notes, but the source does not say who will win the contract. It also does not say when the RBI will decide.
What the reporting says
Uflex and Spectra Systems submitted bids for the RBI’s proposed polymer banknote programme, according to publisher summaries. The tender is aimed at sourcing polymer-based currency substrate for ₹10 and ₹20 notes, and the programme was initiated by BRBNMPL, an RBI subsidiary. The immediate outcome of the bid process was not stated, and it is unknown which suppliers will be selected.
Why it matters
The publisher summaries said Uflex, with Spectra Systems, submitted bids for the RBI’s proposed polymer banknote programme. The tender seeks polymer-based currency substrate for ₹10 and ₹20 denominations, and BRBNMPL initiated the programme. No award decision, timetable or contract value was provided. The key unknown is whether the bid will be accepted and by whom.