NEW DELHI: Standard Medicines is entering a new business vertical with plans to supply eco-friendly biomedical waste management machine to hospitals in the country.
The city-based company is in talks with various government hospitals and expects installations to begin next month.
“We are entering into this new vertical of biomedical waste management. Currently some paperwork is going on and we expect installations to start happening from the next month,” Standard Medicines Pvt Ltd Managing Director Pankaj Kumar Singh said.
He said the company targeting government hospitals in the National Capital Region (NCR) for the first round of machine installations.
Singh said the machines, equipped with latest technology can be be put in a small area of 16 square feet and take up to 40 kg of waste at one time and recycle it into eco-friendly material in 30 minutes.
It can recycle glass, catheters, needles, blood infusion waste. As per a report by central pollution control board, there are around 1.7 lakh hospitals in the country and there are only 198 waste management plants to cater to the waste.
Besides manufacturing generic drugs, Standard Medicines Pvt Ltd also offers product testing, engineering and design services and regulatory support among others.
Standard Medicines is a Delhi based pharmaceutical company primarily manufacturing generic medicines including those for Anti TB, Anti Diabetics, Anti hypertensive with cardio vascular diseases