My Authors
Read all threads
News making rounds of "145%" profit margin in price shared btw distributor & importer of Rapit Antibody Kits procurred by #ICMR . @INC IT cell jumping on the bandwagon with #BJPCoronaCorruption hashtag. This articles states facts. orissadiary.com/icmr-asks-stat…
#ICMR got ONLY 4 bids(!) for the procurement @ rates ₹1,204, ₹ 1,200, ₹844 and ₹600. ICMR went with lowest (L1 tender sys) ₹600+GST by a firm called Aark Pharmaceuticals, with approval from govt. Disgraceful for the other biz too for these exuberant quotes in such pendemic.
Matrix Labs is the importer of rapid test kits made by #China’s #Wondfo. Rare Metabolics is the distributor of Matrix. Further, Rare signed Aark Pharma as distributors. Matrix Labs (landed cost @ ₹245 / test) sold to Rare @ ₹400 / test, and supplied to #ICMR @ ₹600. ~145% ⬆️.
#ICMR tried to procure the kits directly. But #Wondfo quoted non-viable terms for a first-timer govt. agency:
100% direct advance w/o any guarantees.
No commitments on timeline.
Rates in USD w/o any clause for fluctuation in prices.
Hence, it was decided to go with a distributor.
#ICMR has not made any payment for them, due after the supplied kits pass tests that meet the standards, so GoI doesn't stand to lose a single rupee. A court verdict also capped kits @ ₹400 (inc. GST). However in this chaos, time value has been lost and perhaps lives ...
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Indraneel Baruah 💹

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!