January 29, 2021: IndoSpace – the largest investor, developer and manager of industrial real estate and warehousing in India – and Kool-ex, the largest pharmaceuticals logistics company in the country and a leader in the distribution of all Covid vaccines, recently conducted a ground-breaking ceremony for a temperature controlled warehousing facility for pharmaceutical sector at Khopoli in Maharashtra. The ceremony marked a significant milestone in the temperature controlled warehousing sector for pharma in India, which is at a nascent stage but is in focus due to the inoculation programs of COVID – 19 vaccines.
IndoSpace and Kool-ex announced their partnership in September 2020 to build customised, GDP/GWP-compliant, temperature-controlled pharma distribution centres across the country. The two companies will jointly design and set up three warehouses in proximity to Mumbai, Delhi and Bangalore in the first phase in 2021. The Khopoli warehouse is the first with 36,000 pallet positions and will be India’s largest standalone temperature controlled warehousing facility.
Rajesh Jaggi, Vice-Chairman – Real Estate, Everstone Group, (IndoSpace is the real estate arm of Everstone Group), said: “We feel fortunate to serve the nation and the Indian pharma industry in these unprecedented times of the pandemic. Our partnership with Kool-ex will help in building state-of-the-art infrastructure to support the growing needs of temperature controlled pharma warehousing and distribution. The temperature controlled warehouses will play a critical role in supplying the COVID-19 vaccines to the population and we at IndoSpace are ready to play our part and develop world class facilities in India.”
India is a leading manufacturer and global distributor of vaccines and other pharma products. India’s role is expected to expand further, which will require associated infrastructure to support the temperature controlled supply chain. This partnership aims to bring standardisation and world-class facilities for the pharma and temperature controlled warehousing sector based on IndoSpace’s extensive experience in India and its global expertise through partners like GLP.
IndoSpace has a portfolio of over 40 million square feet across 38 industrial and logistics parks under various stages of development in nine major consumption hubs in India.