New Security Ink Facility for India

The Reserve Bank of India (RBI) has opened a new security ink manufacturing unit, VARNIKA, which will be operated by its subsidiary Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) in Mysore.

According to RBI Governor Shaktikanta Das, who formally dedicated the new plant to the nation, it represents an important step towards the country achieving self-sufficiency in banknote production as part of the so-called ‘Make In India’ initiative. The goal is to achieve 100% self-sufficiency in the near future in all critical and key raw materials and processes.

VARNIKA is able to produce colour shifting intaglio ink, coatings for different types of varnish and special additives. It has an annual manufacturing capacity of 1,500 MT, sufficient to meet the country’s requirements.