This site is intended for Healthcare professionals only.

Excess inventory purchase facilitated by newly opened website

Excess inventory purchase facilitated by  newly opened website

‘Move it , Cash it’ being the spirit behind  Kilitch Drugs India Ltd, Director, Bhavin Mehta’s  non moving material website  launch, the pharma industry is in for a revolution of sorts.

According to Pharma Biz, this  website venture  will accept  non moving material entries under six categories from its pharmaceutical clients; they being- packaging material, quality control, finished goods, intermediaries and utility   acting  as the coordinator between the buyer and  seller will give them  access to  purchasing  non moving materials within the industry. The entire purchase negotiation  will be taken care of between both,  the buyer and the seller, with the buyer being solely responsible for the delivery .

In an official statement , Mr. Mehta announced , “This website is as an intermediary between the buyers and sellers and will allow companies to sell their non-moving stock and other items. With pharma industry expanding and getting regulated more and more, there is a need for companies to either hive off their old equipments and instruments or make them redundant in case of no counter proposals for the purchase of these items, shall facilitate companies right from raw material, packing material, quality control equipments like HPLC, GC, glasswares, chemicals and other items, all dosage forms for finished goods like tablets, capsules – the target buyer for them shall be generic distributors spread all over the country, for API manufacturers there are lot of intermediates which are nonmoving either due to want of order or change in process for the want to improve the yields.”

Elaborating on the concept he informed that companies were constantly expanding and had issues about disposing their capital equipments like Distill column plant, manufacturing tanks and many more;  India being a well established pharmaceuticals industry , with enormous potential, the website, he said was a win win situation for both parties , as it led to unblocking cash by moving out the nonmoving.

“India has approximately 25,000 pharma companies of which 8000 are  currently into manufacturing, holding some kind of non moving item in their factories,” explained Mr. Mehta. According to him was presently targeting 100 companies for uploading their non moving inventories on this website.

Social media promotion on Facebook, Linkedin and Twitter has  already been initiated to   promote the website which according to the Kilitch Drugs Ltd, Director, is a social initiative and part of CSR undertaken by him.


Source: self
0 comment(s) on Excess inventory purchase facilitated by newly opened website

Share your Opinion Disclaimer

Sort by: Newest | Oldest | Most Voted