Swedish giant in active cold chain solutions, Envirotainer, has partnered with Chennai-based TTL Active Cold Chain Solutions from India to propel their business plans in the country. Envirotainer is an enabler for the air transportation and logistics providers and the healthcare and life sciences industry to ensure the integrity of their temperature sensitive products. TTL Active Cold Chain Solutions will continue to enable Envirotainer in the India market.
Apart from representing Envirotainer, in business platforms and dealings, TTL Active will also represent the Swedish company in various government and public-private forums. The move is said to shake-up the $74 billion worth of Indian market by 2020.
Stephen Maietta, Healthcare Sales Director, Envirotainer, Sweden said, “India has always been an important country from business perspective. We want to expand our capabilities in the Asia Pacific region, starting with India, as it is an important manufacturing market with very dynamic demands. The India healthcare and life sciences industry is growing at around 14 per cent annually. The quality of products being produced in India is at par with international standards and export of these drugs domestically and internationally will continue to grow at a significant rate.”
The focus for the partnership will primarily be the pharmaceutical industry as an export boom is expected in this sector. Exports are expected to cross $16 billion by 2013-14. India tops the world in exporting generic medicines worth $11 billion. Therefore, emerges the need for temperature controlled containers to carry sensitive drugs.
Arun Vasu, Chairman and Managing Director, TTL Active Cold Chain Solutions, India said, “Some 20 per cent of temperature-sensitive healthcare products are wasted during transportation due to a broken cold chain. With this partnership, we can bring world-class freight infrastructure and air transport technology in India to complete the chain. The cold chain market in India has been growing consistently and has huge potential to grow in the near future, especially since now it has strong government backing.”
EP News Bureau – Mumbai