For­eign Di­rect In­vest­ment could act as a game changer

The cold chain sec­tor in In­dia has been grow­ing at a con­sis­tent pace and has huge po­ten­tial. There­fore, it is im­per­a­tive to re­move bot­tle­necks and take ad­van­tage of the op­por­tu­ni­ties to surge ahead. CARGOTALK speaks to in­dus­try vet­er­ans and tries to ex­plo

Cargo Talk - - Front Page - KALPANA LOHUMI

Venu­gopal Bangera, CEO, Cargo Ser­vice Cen­tre

It is now a well-known fact that the lack of ad­e­quate in­fra­struc­ture in the cold-chain sec­tor is caus­ing se­vere losses and lead­ing to in­ef­fi­cien­cies in the cold chain. About 40 per cent of the fruits and veg­eta­bles pro­duced are lost. This is be­cause only 10 per cent of it goes into a cold chain com­pared to 90 per cent in de­vel­oped coun­tries.

It is im­por­tant to connect the re­mote vil­lages of In­dia to the ro­bust sup­ply chains so that all stake­hold­ers get the ben­e­fit and wastages can be mit­i­gated to the ex­tent pos­si­ble.

More­over, to re­duce wastage cold chain in­fra­struc­ture needs to be state-of-the-art and well main­tained, in­te­grated ap­proach and ef­forts are re­quired for ef­fec­tive pol­icy for­mu­la­tion, avail­abil­ity of tech­ni­cally qual­i­fied peo­ple to sup­port ef­fi­cient cool chain ser­vices and the sup­ply chain need to be de­signed and built as a whole in an in­te­grated man­ner.

The in­fra­struc­ture in cold chain is very crit­i­cal. It is time now to plan guide­lines, stan­dards and leg­is­la­tions on how they will be built, the right in­cen­tives to be of­fered to un­der­stand the sub­ject and to find in­sti­tu­tion that are ready to fi­nance them. The gov­ern­ment should do its part by leg­is­lat­ing, and in­vest­ment will start flow­ing.

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