B Medical Systems signs MoU with Adani Group to commence India operations
B Medical Systems, a Luxembourg based global leader of vaccine cold chain and medical refrigeration has signed a Memorandum of Understanding with the Adani Group at the Embassy of Luxembourg in New Delhi. This partnership lays the foundation for B Medical Systems’ manufacturing in India.
B Medical Systems has entered into an agreement with the Adani Group for the establishment of its manufacturing facility and several technology initiatives in India. The objective of the MoU signed with the Adani Group includes the setting-up of a manufacturing facility in both Mundra SEZ and domestic tariff area, providing logistics for COVID-19 transportation domestically and globally and creating ‘Pharma Excellence Centers’ at the Adani group airports across India. There will also be a strong technology collaboration to bring State of the Art solar-powered vaccine logistics solutions to India.
The MoU was signed in the presence of H.E. Mr. Jean Claude Kugener, the Ambassador of the Grand Duchy of Luxembourg to India at the Embassy in New Delhi.
Ambassador Kugener highly welcomed this new partnership, which is a direct result of the successful bilateral virtual Summit of the Hon’ble Prime Minister of India, Mr Narendra Modi and H.E. the Prime Minister of Luxembourg, Mr. Xavier Bettel which was held on 19 November 2020. During this Summit, the Prime Ministers discussed the very strong bilateral relations, Luxembourg being the 15th Foreign Direct Investor (FDI) in India. The success story of the Luxembourgish company B Medical Systems, a global manufacturer of medical refrigeration with best in class and highly reliable cold chain, was highlighted in India’s fight against COVD-19 and the current immunization campaigns. “B Medical Systems will contribute to our already strong bilateral relations in India. With more than 40 years of global experience, B Medical Systems will launch its manufacturing “Make in India” in Gujarat contributing to saving many lives particularly in respecting the importance of cold-chain refrigeration for the vaccines. I am looking forward to visiting the new premises and meeting the officials in the very near future. With my sincerest thanks to all those who have contributed to making this happen”.
“India is the vaccine capital of the world. This agreement is a firm step to also make India the vaccine cold chain capital of the world and reinforces the commitment of B Medical Systems to support India and the world in its fight against COVID19. Our manufacturing facility in Adani’s domestic tariff area is nearly ready and we are now working with reputed equipment manufacturers to establish world-class manufacturing in India in a matter of months. Ensuring that any vaccine reaches the remotest parts of the world has been our expertise for more than four decades. Working with the government in India, we hope to eventually vaccinate a billion people. Given the scale of the COVD-19 immunization campaign, we will help the roll-out achieve its goal by ensuring the safe transport and storage of all vaccines from -80 °C to +8 °C with full traceability throughout the value chain’’, said Mr. Jesal Doshi, the deputy CEO of B Medical Systems and the CEO of the company’s India operations.
“I would like to take this opportunity to also highlight some of the incredible support that we have received during this journey. The support and assistance we received from both Governments in India and in Luxembourg was tremendous. The support from the Adani Group has been incredible across all levels. Signing this new MoU with Mr. Rakshit Shah (Executive Director) and Mr. Vikram Jaisinghani (CEO, Adani Logistics Limited) reaffirms their commitment to bring world-class medical logistics infrastructure to India. Their entire team has been with us during the entire process and without his and his team’s support this wouldn’t have been possible. I would also like to especially thank Reinhardt India, and its leadership team especially Mr. Dhanu Patell, Mr. Shivinder Chawla and Mr.Rustom Patell. The team recognized the critical need for a state-of-the-art global vaccine manufacturing plant in India and have gone out of their way to support us with the rapid deployment of production equipment and associated logistics’’, said Mr. Doshi.
B Medical Systems also announced a major partnership agreement with Parekh Integrated Services Pvt Ltd (PISPL), a leading logistics and supply chain solutions provider for the setup of the manufacturing plant, assembly, and the associated logistics last month.
B Medical Systems manufactures medical-grade vaccine refrigerators, laboratory freezers, ultra-low freezers and transport boxes that can store and transport any vaccine in the temperature range of -86 °C to 8 °C. B Medical Systems has been working closely with governments across the world to strengthen their national vaccine cold chain for the roll-out of the COVID-19 vaccine. Its recent projects include the COVID-19 vaccine cold chain projects in Luxembourg, France, Germany, Indonesia, USA, Mexico, etc.