INDIA-LUXEMBOURG STRENGTHEN TIES
B Medical Systems, a Luxembourg- based global leader of vaccine cold chain and medical refrigeration, has signed a Memorandum of Understanding with the Adani Group at the Embassy of Luxembourg in New Delhi. This partnership lays the foundation for B Medical Systems’ manufacturing in India ...
B Medical Systems has entered into an agreement with the Adani Group for the establishment of its manufacturing facility and several technology initiatives in India. The objective of the MoU signed with the Adani Group includes the setting-up of a manufacturing facility in both Mundra SEZ and domestic tariff area, providing logistics for COVID-19 transportation domestically and globally and creating ‘Pharma Excellence Centers’ at the Adani group airports across India. There will also be a strong technology collaboration to bring State of the Art solar powered vaccine logistics solutions to India.
The MoU was signed in January 2021 in the presence of H.E. Mr. Jean Claude Kugener, the Ambassador of the Grand Duchy of Luxembourg to India, at the Embassy in New Delhi.
Ambassador Kugener highly welcomed this new partnership, which is a direct result of the successful bilateral virtual Summit of the Hon’ble Prime Minister of India, Mr Narendra Modi and H.E. the Prime Minister of Luxembourg, Mr. Xavier Bettel which was held on 19 November 2020. During this Summit, the Prime Ministers discussed the very strong bilateral relations, Luxembourg being the 15th Foreign Direct Investor (FDI) in India.