Uflex, Spectra bid for RBI-backed polymer banknote programme
In short
Uflex and US-based Spectra Systems have submitted bids for a proposed polymer banknote programme linked to the RBI. The tender asks for special BOPP material with coatings and anti-static treatment.
This matters because the chosen supplier could help make future currency notes. The report does not say who will win the bid or when a decision will be made.
What the reporting says
Uflex and US-based Spectra Systems submitted bids for the proposed polymer banknote programme as the RBI evaluates suppliers, according to a publisher-supplied summary. The programme was initiated by BRBNMPL, the RBI’s wholly owned subsidiary, and the tender seeks BOPP substrate with coatings and anti-static treatment. The immediate consequence is an active supplier race, while the final award and timeline remain unstated.
Why it matters
Uflex, in partnership with US-based Spectra Systems, has bid for a proposed polymer banknote programme while the RBI evaluates potential suppliers. The programme was initiated by BRBNMPL, the RBI’s wholly owned subsidiary, and the tender seeks BOPP substrate with opacifying ink and anti-static coating. The reporting does not state the number of bidders, the award date or the final selection, so the outcome remains unknown.