A delegation of B Medical executives, which is currently in India, held meetings with India’s principal scientific adviser and officials at the Ministry External Affairs on the proposed unit and the company’s technology, and claimed to have received strong support from them.
The manufacturing unit proposed in Gujarat will be the company’s first outside Luxembourg. Besides the Indian market, the unit will cater to export markets as well.
The project is an outcome of an India-Luxembourg virtual summit held on November 19 and the process has moved at an extremely fast pace. The project involves setting up an assembly plant within three months and shifting to full-scale production over a 12-15-month period.
“Our products belong to a niche category and are used around the world for storing vaccines and other temperature-sensitive products and our clients include GSK, Pfizer, Novartis, Bayer, Sandoz, Sanofi, etc.,” Luc Provost, the chief executive at the Navis Capital Partners-owned company, told ET.
The product is 100% European designed and manufactured. The company has technology to keep vaccines in cold storage at temperatures in the range of minus 80 degree Celsius to plus-4 degrees, he said.
“We are travelling to Gujarat in this trip to finalise all formalities to start the manufacturing unit,” the CEO said.
The phase 1 and 2 of the project will focus on assembling, testing, and quality release of the products, while phase 3 and 4 will be end-to-end manufacturing. However, even in the initial phases, the contribution of the India plant to the finished goods will be more than 80%. This is a product made primarily for the Indian market and hence the local manufacturing unit will be responsible for all the critical steps, including quality.
The knowledge and technology transfer is intended to take place via “train the trainers” in Luxembourg.
“All our products have integrated 24×7 remote monitoring capabilities that further ensures that these products offer the highest level of safety and reliability. Our products are known for their energy efficiency and use eco-friendly refrigerants ensuring sustainable operations,” he said, adding that the company had installed more than 400,000 units in 135-plus countries.