Godrej to provide 'end-to-end' solution in vaccine refrigeration

The company is currently working on to develop passive cooling units to keep vaccines effective

Chairman and Managing Director of Godrej, Jamshyd N. Godrej with Director of the Global Health Group at UCSF Global Health Sciences, Richard G A Feachem (2nd left), Peter Saunders and Sure Chill's chairman (L) during the launch of Godrej medical r
BS Reporter New Delhi
Last Updated : Jun 29 2015 | 7:17 PM IST
Godrej & Boyce (G&B) – the consumer durables major – forays into vaccine refrigeration industry with an aim to provide end-to-end solutions. The company has recently joined hands with North Welsh, UK-based Sure Chill and developed vaccine refrigerators which can maintain the optimum temperature without electricity for up to 13 days. The company is currently working on to develop passive cooling units to keep vaccines effective till it reaches remotest parts of the country.

According to Jamshyd Godrej, managing director and Chairman of G&B, while Godrej is in home refrigeration since 1957 in India, it is the Sure Chill’s technology that helped it decide to get in to the industry. The company believes, while, demand for such refrigerators are poised to grow as frequent power cuts and lack of last mile grid connectivity is a major issue in developing countries. Globally some 151 million vaccines turns ineffective due to lack of proper storage - leading to $750 million of losses annually.

Kamal Nandi, business head & executive vice president, Godrej Appliances sees “huge opportunity” in their newly ventured industry. “Globally some 1,50,000 such products are to be sold per year of which 15-20 percent demand is from India only," he explained. Currently, the durables major is producing 15,000 units in its manufacturing plant at Pune to cater to Africa, India and markets in the neighbouring countries.

“We were waiting for the right technology” before we could decide on entering this industry, Nandi said. Sure Chill – a Bill Gates Foundation backed technology developer – introduced its refrigeration technique last year. “The technology works on heavy density of water at 4 degree Celsius so that the refrigerators can maintain that temperature even without electricity for days," Marc Evans, chief executive of Sure Chill explained. Vaccines are ideally stored at 4 degree Celsius to keep its effective.

G&B has planned to sell vaccine refrigerators to 90 countries. “Our products are now approved by Unicef and WHO – who are the largest buyers of vaccine refrigerators in the world”, Godrej added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 29 2015 | 7:00 PM IST

Next Story