The E-Sylum:  Volume 9, Number 14, April 2, 2006, Article 12

INDIA BECOMING A BANKNOTE POWERHOUSE?

According to a March 31 article in The Economic Times of India,
"India may soon be the popular choice of several nations as a
printer of currency. It produces the largest volume of bank
notes in the world, at a third of the cost of production of
established leaders."

"The multi-billion dollar market is now dominated by companies
like De la Rue and Royal Mint, both from the UK, Canadian Banknote
Company and Orell Fussli Security Printing of Switzerland, among
others."

"The government has already held discussions with some big
banners who have shown keen interest in sourcing some key
operations from here. Apart from working on lower costs, the
new public sector company also has a highly-trained work force
that can churn out notes and coins with advanced security
features."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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