Cold chain investments to reach US$ 15 bn
Investments in cold chain in India could reach US$ 15 billion in the next five years, according to a report by Institution of Mechanical Engineers (IMechE).
The report stated cold chains running on renewable energy can help in cutting down loss of perishable items like fruits and vegetables, which runs as high as 40 per cent of the total fresh food produce. “India's investment in cold chain is forecast to be US$15 billion over the next five years,” the report said. In order to ensure the sustainability and cost-effectiveness of the investment, there should be a thrust on using renewable energy sources. The technology has the added benefit of zero emission of pollutants. Out of the total exports of US$ 37 billion, fruits and vegetables accounts for just about US$ 1.5 billion.