INOXCVA, a leading provider of cryogenic liquid storage, distribution, and re-gas solutions, has signed an MoU with the Government of Gujarat to set up a new cryogenic tank manufacturing facility in Savli, Vadodara. The state-of-the-art plant will produce liquid medical oxygen storage tanks and other cryogenic and non-cryogenic storage equipment, addressing the increasing need for clean and pure liquid medical oxygen storage facilities in hospitals.
The project, which requires a Rs. 200 crore investment, is expected to create employment opportunities for 500 people and contribute to the local economy. The agreement was signed in the presence of Chief Minister Shri Bhupendra Patel, and it aims to provide liquid medical oxygen storage facilities to hospitals across the country, including remote areas.
Siddharth Jain, Executive Director of INOXCVA, said that they are proud to receive the support from the Gujarat government for this advanced cryogenic tank manufacturing facility in Vadodara. He added that INOXCVA is committed to expanding healthcare infrastructure in India and that the new facility will play a key role in providing clean and pure liquid medical oxygen storage facilities in hospitals. This project is a new milestone in their journey towards that goal.
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