In an effort to meet the increased demand for high purity liquid medical oxygen storage in hospitals, Indian cryogenic solutions provider INOXCVA will establish a new cryogenic tank manufacturing facility at Savli, Vadodara, southern India.
Having signed a Memorandum of Understanding (MoU) with the Government of Gujarat on February 20th, the company plans to invest 2,000 crore rupees ($240,000) into development of the site, which is expected to span over 30 acres.
In addition to producing liquid medical oxygen storage tanks, the facility will also manufacture other cryogenic and non-cryogenic storage equipment.
Commenting on the announcement, Siddharth Jain, Executive Director at INOXCVA, said, “We are honoured to receive wonderful support from the Government of Gujarat in setting up this advanced cryogenic tank manufacturing facility in Vadodara.”
“We are committed to expanding the healthcare infrastructure in India and good quality storage infrastructure plays a key role in providing clean and pure liquid medical oxygen storage facilities in hospitals.”
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