Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-12-04

Cold chain investment in India to reach $15 billion in next 5 years: Report

India had about 6,300 cold storage with a capacity of 30.11 million metric tonnes as of 2014.

Food security for all has become the most critical issue in the 21st century. As the world population moves towards 9.5 billion later this century, meeting future demand for food, considering factors like changing dietary preferences, climate change, resource scarcity and soil nutrient degradation, will present significant challenges not only for the public but also for the government, engineers & scientists, and institutions at large.

A recent study on 'A tank of cold: Cleantech leapfrog to a more food secure world' by UK-based Institution of Mechanical Engineers urge the governments of developing economy to take necessary and immediate actions to encourage the launch of sustainable cold and frozen supply chain or ‘cold chain’ in the developing world, in order to prevent unnecessary food loss, help alleviate hunger and improve global food security.

In response to this challenge India’s investment in cold chain is forecast to total $15 billion over the next five years. The governments of developing economy need to take concerted effort to introduce policy initiatives that offer support to clean technologies and distributed solutions, which build on existing aspirations for electricity access and energy security, ensure that the regulatory frameworks can support such investments and deployments, and encourage inward investment with a focus on adopting technology that is sustainable.

India had about 6,300 cold storages with a capacity of 30.11 million metric tonnes as of 2014. But, about 60 per cent of them are located in Uttar Pradesh, Gujarat, West Bengal and Punjab. And the lack of cold and frozen supply chains lead to the loss of fruits and vegetables worth over Rs 13,600 crore annually in the country. Approximately 50 per cent of perishable food items are lost every year in India due to lack of cold storages, according to a report published in the Economic Times.

Using the cryogenic engine technology to provide cooling of large refrigerated lorry or rail containers will cost between a fifth and a third of using diesel for the same job. It has the added benefit of zero-emission of pollutants. When combined with the increased income to farmers from getting more produce to market, this makes economic as well as environmental sense, the report said, adding that India is well placed to use the technology as it has both the LNG infrastructure and the engineering talent.

Related opportunities
  • Quick Service Restaurants
    Cheesiano pizza started its operation in 2016 with the prompt..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 350 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Partner with Siyaram Silk Mills Ltd - one of the..
    Locations looking for expansion Maharashtra
    Establishment year 1978
    Franchising Launch Date 2006
    Investment size Rs. 20lac - 30lac
    Space required minimum 500-600 sq ft to 1500 max
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai City Maharashtra
  • About Ramagya SchoolA Premier School with World Class Campus &..
    Locations looking for expansion New Delhi
    Establishment year 2005
    Franchising Launch Date 2015
    Investment size Rs. 5 Cr. above
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • The brand operates 2 salons in Delhi NCR and offers..
    Locations looking for expansion New Delhi
    Establishment year 2005
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities