Kool-ex, a pharma cold chain logistics service provider, is gearing up to become a full stack, end-to-end supply chain solutions provider to the pharma industry.
For warehousing, Kool-ex has partnered with IndoSpace to build customised, Good Distribution Practice (GDP)/and Good Warehousing Practice (GWP) compliant, temperature controlled, Pharma Distribution Centres across the country. The spread of services will include warehousing, secondary distribution, passive packaging and blockchain for end-to-end tractability of pharma products, apart from its core existing business of providing temperature-controlled transportation.
IndoSpace has pan-India network of Grade A warehouses, and the partnership with Kool-ex will enable IndoSpace to venture into pharma warehousing. As part of the deal, Kool-ex and IndoSpace will jointly design and set up three warehouses in Phase-I by 2021 in proximity to Mumbai, Delhi and Bengaluru.
At 42,000 pallet positions in each warehouse, each of these warehouses will be the largest standalone Cold Chain Facility in the country. Kool-ex has plans to setup 10 to 11 warehouss by 2023, making it the largest Pharma storage footprint in the country.
It is also in advanced talks with investors to raise growth capital for these initiatives and has appointed KPMG for financial advisors to the process. Furthermore, these will be certified Green Warehouses with 100 percent solar back-up. Kool-ex was advised by CREDBERG Advisors in forging partnership with IndoSpace.
These units will be equipped with modern, state-of-the-art temperature controlling system that will ensure safety of sensitive cargo based on GDP and GWP. Kool-ex is also set to offer complete pharma passive packaging solutions in partnership with TESSOL to design and supply passive cooling boxes for intercity and intra city movement of sensitive time bound, temp controlled medicines such as vaccines, insulins, etc.
These boxes will have a different insulation technology based on phase change material instead of the currently used EPS (THERMOCOL). The boxes will need much lower charging (cooling) time of eight hours, against the current 48 to 72 hours, and will enable multiple use, coupled with features such as live track & trace.