Indian cold chain market forecast to grow

Mumbai, India: The cold chain market in India could reach £4.4bn (INR 381bn) by 2015, according to Netscribes.

A new report on the cold chain market in India includes a market overview, demonstrating the forecasted growth over the period 2010 – 2015.

Factors driving growth include an expansion in organised retail, a shift towards horticultural crops, growth in the processed food sector, demand from the pharmaceutical sector and changing patterns in consumption. Challenges include a lack of logistical support, uneven distribution of cold chains and inadequacies in power supply.

The current trends section highlights the entry of foreign players, rail-based reefers, and cold chains facilities at airports. The report outlines the requirements needed for an integrated cold chain infrastructure and the requirements to meet current cold chain demand in the country.

• Ambit Pragma acquires 74% stake in Mehta Frozen Foods Carrier
Mumbai, India: Private equity investor Ambit Pragma Ventures has acquired a 74% stake in Mehta Frozen Foods Carrier for an undisclosed amount.  Mehta Frozen Foods Carrier has a 60-vehicle fleet and transports frozen food, medicines, meat and dairy products.

This is one of the many recent private equity  investments in the logistics sector that include India Equity Partners acquisition of the domestic road operations of TNT Express in India in December last year. In April, private equity firm New Silk Route invested in VRL Logistics and in January, General Atlantic invested US$125m in Fourcee Infrastructure Equipments, a Mumbai-based freight and logistics company.

WORLD NEWS

EU help needed to resolve Turkish border delays

Geneva, Switzerland: The IRU has called on the European Commission to intervene in the treatment of truck drivers at Turkish borders. Turkey is not allowing …

READ THE FULL STORY >

Netherlands to Russia/China pilot rail service for fresh salmon

Duisberg, Germany: DBO Bahnopertor has run the first container train load of fresh salmon from the Netherlands to Russia and China. It is the first …

READ THE FULL STORY >

GCCA partners with Distillery Association for hand gels

Washington, DC, USA: The Global Cold Chain Alliance and the Distilled Spirits Council of the United States have a website to help distillers making hand …

READ THE FULL STORY >

Lineage Logistics helps Los Angeles in food campaign

Los Angeles, USA: Lineage Logistics working with NBA superstar, Anthony Davis’ Family Foundation to the boost the Help Feed the Frontline Fighting Covid-19 – LA …

READ THE FULL STORY >

WHAT’S ON

  • Engage Conference
    Talent in Logistics Engage Conference takes place on 21 April at Cranfield, UK

Latest Tweets

Coronavirus: Another folly in the making: bit.ly/2R6rsNS pic.twitter.com/g1hX1q1fpK

© 2020 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ