Sunil Nair, CEO of Snowman Logistics, on Thursday said that the company will have an operative understanding with Spicejet for COVID vaccine transport.

Snowman Logistics and Spicejet signed a memorandum of understanding (MoU) for storage, transportation and distribution of COVID-19 vaccines from various manufacturers across India and internationally.

In an interview with CNBC-TV18, Nair said, “We already have a good spread of our cold storage facilities and all our facilities can go down up to minus 30 degree centigrade. We have reserved capacity equivalent to 100 million dosages storage. This is available immediately and in a month’s time we can create another 100 million capacity.”

He said that his company has an experience of transporting vaccines in the past. “Today 10 percent of our business is from pharma and of that 50 percent revenue would be from vaccines,” said Nair.

According to him, it’s difficult to estimate the revenue potential from COVID vaccine logistics.

“If I go by the existing pharma segment, we do close to Rs 25 crore worth of business in pharma and with the capacity that we have reserved and if we end up using the whole capacity then we are expecting it to go up to Rs 60-70 crore, the pharma vertical,” he said.

For entire interview, watch video

(Edited by : Bivekananda Biswas)