A new website, www.nonmoving.com, for selling non-moving materials for the pharmaceutical industry has been launched in the country. The new portal will allow pharmaceutical companies to upload their non-moving inventory across six categories like raw materials, packaging material, quality control, finished goods, intermediates and utility equipment.
nonmoving.com is a social initiative and part of CSR undertaken by Bhavin Mehta, director, Kilitch Drugs India Ltd.
“Companies keep on expanding and have an issue of disposing their capital equipments like distill column plant, manufacturing tanks and many more, as India being so huge and well developed pharmaceutical industry, the kind of potential it offers, the website is a win-win situation for both the parties by unblocking the cash by moving out the non-moving," Bhavin Mehta said.
This website will act as the facilitator between the buyer and seller, thereby allowing access to buy the non-moving stock within the industry. The entire transaction will be taken care of by the two parties, while the seller will also undertake the responsibility of delivering the material to the buyer.
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. The portal will facilitate companies right from raw material, packing material, QC 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 non-moving either due to want of order or change in process for the want to improve the yields.