Cold chain industry in India to grow 20% CAGR between 2013-17 [Transfreez Mobile Refrigeration-India's Most Effective Cold Plate Reefers]

The cold chain industry in India is currently valued at INR 245bn (USD 4billion) in FY 2013 and has been growing at 18% for the last three years. The industry is forecast to be worth approximately INR 520bn (USD 10billion) by FY 2017, growing at CAGR of 20%.

India is the second largest producer of fruits and vegetables (about 200million metric tonnes) but it has a very limited integrated cold-chain infrastructure, with only 5,400 stand-alone cold storages having a total capacity of 23.6million metric tonnes.

Surface storage warehousing in India has a capacity of around 23.6million metric tonnes as of 2010, and private sector cold storages in the country accounts for a capacity of 22.24million metric tonnes; cooperative sector for 1.88million metric tonnes; while the public sector accounts for 0.47million metric tonnes.

Surface storage in the cold chain industry in India is forecast to reach 95 million metric tonnes (MT) by 2017. The new initiatives announced during the Union Budget - modernization of existing facilities, new ventures via private & government partnerships, etc. - will boost the integrated cold chain industry in India.

Change in lifestyle and demand for processed or packaged food is creating the need for cold storage solutions across India.

Transfreez Mobile Refrigeration-India's Most Effective Cold Plate Reefers

Source: LivePR