Indian Government to Invest in the Cold Chain
The government of India has taken various initiatives for better food management which are also encouraging factors for the Indian cold chain industry.
The government of India has decided to open various mega food parks which will require both; temperature controlled vehicles as well as temperature controlled warehouses. By allowing the 100% FDI in the cold chain industry, government has shown its support towards the development of cold chain infrastructure. Till now these initiatives have not been able to make remarkable changes but in medium term these initiatives are expected to make positive changes.
These initiatives are likely to make the market value of India cold chain market to grow at a healthy CAGR of around 28.7% during the period 2012-2017. This will make the value of cold chain market in India to touch the whooping figure of around INR 640 Billion (USD 11 Billion) by 2017. There are large numbers of small players present in the Indian cold chain industry but have failed to meet the increasing demand from various sectors due obsolete technology; some of the well-known organized companies operating in the Indian cold chain market are Snowman, FHEL, RK Foodland Pvt. Ltd., MJ Logistic Services Ltd. etc.
‘India Cold Chain Market Forecast & Opportunities, 2017’ has evaluated the future growth potential of cold chain market and provides statistics and information on market structure, trends and opportunities. The report includes segmental market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in cold chain market worldwide. For more information on the report go to http://www.techsciresearch.com/1981.
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