Despite India being world's largest producer for milk and second largest producer of fruits and vegetables, about 40 to 50% of the total production valued of $440 billion (bn) ends up wasted, noted a recent ASSOCHAM-MRSS India study. The study estimated that cold chain market in India valued at $167.24 bn in 2016 is projected to reach $234.49 bn by 2020. The cold chain market has grown steadily in the last few years and this trend is projected to continue until 2020. While there are many positive changes in Indian cold chain market, high operating cost is a major roadblock for sector's overall growth. "Shortage of adequate infrastructure, lack of trained personnel, outdated technology and inconsistent power supply are other major obstacles in growth of cold chain infrastructure in India," said Rawat.

Source: dna October 24, 2017 13:18 UTC