Mumbai, September 14: The Government is seeking global expertise to incorporate more security features in currency notes to combat counterfeiting.
The Finance Ministry has invited request for information (RFI) from firms to offer security features or technology for future series of bank notes.
It said the interested firms will have to submit their bids by October 13 and those shortlisted would have to make a detailed presentation before a government committee.
“The process for acquisition of security features and/or associated technology in the future series of Indian bank notes shall be done through Global Request for Qualification (RFQ) tender and the shortlisted firms who have been security cleared shall be issued Request for Proposal (RFP) documents,” the ministry said in a circular.
–Agencies