Cold chain in­vest­ments to reach US$ 15 bn

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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.

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