Kores India is mulling to set up a counterfeit currency detector manufacturing unit in India, a top company official said.
"We are planning to set up a unit to manufacture fake currency detector machines in the country and are scouting for a good location," Kores' CEO (Business and Computer Systems Divison), G S S Dutt, told reporters on the sidelines of the launch of 'Kores Fusion' on Tuesday.
Kores Fusion is the first-of-its-kind single pocket counter fake currency detector machine.
Priced at over Rs one-lakh, the detector machine is currently being imported from Swiss-based BEB Industrie Elektronki AG and can detect 1,200 notes per minute.
"It's a versatile machine which can detect not only Indian currency but all other foreign currencies. It can detect all the security features in a note and can also be upgraded and calibrated as soon as the apex bank changes the security features," Dutt said.
The machine can detect infra-red pattern, water mark recognition, multiple-head magnetic pattern, security metal thread and other security marks.
With the counterfiet currency racket growing in the country, the challenge at the moment is to check the circulation of such notes, Dutt said, adding that such machines are ideal for banks and other financial institutions.
He expected to sell 3,50,000 units next year. The company will also be conducting roadshows to sensitising people on the huge circulation of fake currency and the role of Kores Fusion in checking the same.
The Rs 800 crore (Rs 8 billion) Kores Group, whose mother products are stationery items, is expecting a revenue of Rs 1,000 crore (Rs 10 billion) for this fiscal.
1 comment:
Friction type intermittent roller operated, fins driven Note Counting Machines ( NCMs ) extended and converted as fake notes detectors by fixing UV/IR/Magmatic and ordinary light sensors are technically baseless and most inaccurate devices for discriminating highly sophisticated super fake notes hidden with genuine notes, as such machines depend on over all surface checking of notes which is most incompatible criterion for accurate detection and discrimination of fake notes that have been incorporated with identical overall features of genuine notes. These kinds of converted FNDs can not pip into the thinnest marginal differences of security features in both categories of notes, although are useful for discriminating poorly fabricated notes which otherwise can be easily detected at a glance or touch feel verifications.
Detection of Super quality fake notes printed and pumped into any country with supports of other countries having strong sources of procurements of raw materials identical to original specifications & possessing full fledged infrastructures of Bank notes printing, is technically impossible with the incompatibly high scanning speed of 20 notes in a second, I e 0.05 seconds per note by note counting machines or sorters. Especially impossible in case of intricate Indian notes with vide verities of designs, quality, security features, un- uniform nature, spoilages on the notes, mishandlings etc for validity verification & detection of Fake Indian Notes.
Hence the Desk Top Fake Notes Detectors (DTFNDs) / Mini Currency Validity Verification & Processing Systems (MCVVPSs) have been only the 100% accurate solution for accurate discrimination of super fake notes and genuine note. These highly sensitive and 100% accurate devises in no case be compared with the built up High speed note counting machines or high speed sorters which are meant altogether for different operations of counting and sorting notes on basis of fixed parameters.
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