Financial Daily from THE HINDU group of publications
Saturday, Aug 28, 2004
Financial Daily from THE HINDU group of publications Saturday, Aug 28, 2004 |
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Corporate
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Diversification GAIL: From gas to mosquito nets — Ties up with Sumitomo for chemical Pratim Ranjan Bose
Kolkata , Aug. 27 GAIL (India) will be producing mosquito nets! The Rs 12,000-crore natural gas giant has tied up with Sumitomo Chemicals of Japan to produce insecticidal mosquito nets on a pilot basis in Tamil Nadu. GAIL may consider commercialisation of the project depending upon the success of the project. Evaluated by the World Health Organisation (WHO), GAIL had taken up the project as part of its corporate social responsibility programme. The WHO has already declared India and Africa as being among the worst malaria-affected regions. GAIL will manufacture mosquito nets using insecticide-treated HDPE granules produced by Sumitomo. The latter is considered to be a world leader in developing and manufacturing insecticide-treated bed nets having a life span of five to seven years. Sumitomo has already delivered insecticide-incorporated HDPE granules to GAIL. The later in turn has already identified two net manufacturers at Karur in Tamil Nadu, where mosquito nets are produced in large numbers. "We will bear the entire material cost involved in the production of the insecticidal bed nets which will be distributed in select villages of Tamil Nadu with the help of the State health department. The project will be monitored and evaluated by the WHO," a GAIL official said. Sumitomo is already in the process of getting the pesticide registered with the regulatory authorities. "Successful implementation of the pilot project by the GAIL-WHO-Sumitomo combine will open up new growth opportunities for polyethylene-based insecticidal nets in the country," GAIL sources said. The company has already submitted all relevant documents to the Central Insecticides Registration Board for registration and is awaiting certification from the board.
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