Bartronics India bags order from Rajasthan government

In what is seen as one of the most significant milestones in its history, Bartronics India Ltd, a leading provider of solutions based on ATDC technologies in India, has emerged as the lowest bidder in the Bhamashah Financial Empowerment Scheme of Rajasthan Government. The bids for which were opened on May 16.

Under the scheme, the government intends covering about 50 lakh families through biometrically identifiable smart cards, and provides them financial relief. The project valued at about Rs 150 crore is one in a series of financial inclusion initiatives announced by the Finance Minister during his recent budget speech. Similar initiatives are underway in West Bengal, Bihar and some other states across the country.

While the confirmation of this order is awaited, this is seen as a major breakthrough as far as government projects are concerned. Apart from the financial inclusion project, we expect the demand to pick up further with smart cards expected to be used for variety of other applications namely driving licenses; transport application cards e.g. railway cards, PDS cards (Ration cards), MNIC (multi-purpose national ID Cards) & banking cards. With the company having garnered a major market share in the smart cards segment, BIL stands the biggest beneficiary in terms of awarding of these contracts.