Demonetisation: Mysore Paints gets orders for 2.90 lakh bottles of indelible ink

CHENNAI:

Mysore Paints

and Varnish Ltd on Wednesday got orders for 2.90 lakh

bottles

of indelible ink from 20 of India's top banks, including State Bank of India, State Bank of Mysore, Canara Bank and Indian Bank.

Mysore Paints, which has been supplying indelible ink for more than five decades for Indian elections, said though it had been getting a lot of calls, many private banks had not placed orders.

"Of the 172 banks, we've got orders from around 20. Reserve Bank of India officials from Mysuru office picked up 30,000 bottles," said C Harakumar, marketing manager, Mysore Paints.

India's sole supplier of indelible ink said it would be increasing production in the next four-five days. "We will be sending out despatches as and when we can," said Harakumar.

Economic affairs secretary Shaktikanta Das on Tuesday announced the Centre's plan to curb long queues at bank branches by marking customers who have exchanged demonitised currency notes. The government believes the move will also stem the flow of black money as there are reports that people are using multiple IDs to visit multiple branches for over the counter cash exchanges.