The Ministry of Health said that it will procure over 500 million doses of COVID-19 vaccine and immunize 300-350 million Indians by June 2021.
This will entail fridges being given to pharma retailers for the potential COVID vaccine and therefore, this could stimulate demand for cold storage.
In an interview to CNBC-TV18, Sunil Nair, CEO of Snowman Logistics said this could be a huge opportunity if it comes through.
“A lot of enquiries are coming from government agencies, authorities and some of the private organizations, but there is no clarity in terms of volume, temperature and how is the whole distribution plan as of now,” he added.
On capacity front, the company will invest Rs 70 crore and will set up two new pharma-specific locations as well as on expanding three existing locations this year.
“We are planning to build pharma specific facilities in couple of locations,” added Nair.
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