Hyderabad Menzies Air Cargo Private Limited, a joint venture between GMR Hyderabad International Airport Limited (GHIAL) and Menzies Aviation, on Thursday launched India’s first airport-based pharma zone, a dedicated pharmaceutical cargo storage and handling facility, at Hyderabad.
The project involved an investment of Rs 5.5 crore.
“Around 70 per cent of export cargo at Hyderabad is pharmaceuticals. This facility, with a one-time holding capacity of 115-200 tonne, would increase our product offering to the industry by 25 per cent annually,” Paul Smith, chief operating officer, Hyderabad Menzies Air Cargo, said
The zone has a handling capacity of 3,600 tonne and would double it to 7,200 tonne by 2011. The company has proposed to take the capacity to 30,000 tonne by 2016.
The company had projected a revenue of Rs 7 crore in the first year of operations.
The temperature-controlled facility at the cargo terminal ranges from 2-8 degree celsius to 15-25 degree celsius both in sterile and non-sterile zone. It would help the local pharma industry meet the stringent requirements of global regulatory authorities, he said.
