Voith builds another two paper machines for banknotes in Mysore, India
• Production of base paper for all denominations, predominantly the new 500 and 2,000 rupee banknotes
• Order includes transfer of expertise on producing banknote paper
Thanks to the two machines in Mysore, India can now produce in its own country a substantial part of its requirement for around 28,000 metric tons of banknote paper per year. As the customer in Mysore did not have any previous experience in producing banknote paper, the necessary expertise was transferred by Voith through appropriate training and long-term support on site. This included the preparation of the embossing stamps for the watermark, the necessary chemical formulations, as well as the operation of the entire plant, up to the packaging of the banknote sheets. Today the Bank Note Paper Mill India runs the entire system very successfully and completely independent.
The first banknotes produced on the two production lines included the new 500 and 2,000 rupee notes. The Indian government took a long time to announce the issue of the newly designed banknotes. To curtail corruption and the black economy, all old banknotes with a value of more than 100 rupees were declared invalid virtually overnight in November 2016 and a deadline of the end of December was announced for exchanging the old banknotes. At the same time, banks were instructed to issue a limited amount of the new notes which now had comprehensive security features.