India’s Cold Chain Sector to reach Rs 5 Lakh Crore by 2030, Driven by Tech and Infrastructure: DPIIT

India’s cold chain sector is projected to reach Rs 5 lakh crore by 2030 or 2032, driven by advancements in technology, infrastructure development, and collaboration between industry and academia, said Dr. Surendra Ahirwar, Joint Secretary at the Ministry of Commerce and Industry, Department for Promotion of Industry and Internal Trade (DPIIT). 

Speaking at FICCI’s Cold Chain and Logistics Summit, Dr. Ahirwar highlighted the sector’s crucial role in ensuring food security and reducing waste while also citing the several key innovations that are fueling the sectors growth. 

Currently, boasting a turnover of approximately Rs 2 lakh crore, growing at an annual rate exceeding 10 percent, the the cold chain sector in India will see some key innovations including temperature-controlled warehousing, ice battery technology, and efficient packaging solutions, said Dr. Ahirwar.

 During his address, he also emphasized the government’s efforts to create a supportive environment for these developments, particularly through the PM GatiShakti National Master Plan, which accelerates infrastructure projects, including temperature-controlled warehouses.

Additionally, the National Logistics Policy, launched in 2022, comprehensively addresses various aspects of the logistics sector, including the cold chain.

Asheesh Fotedar, Chief Operating Officer of the National Centre for Cold-Chain Development (NCCD) under the Ministry of Agriculture, elaborated on NCCD’s initiatives to enhance India’s cold chain infrastructure with a focus on sustainability, efficiency, and innovation. NCCD is revising technical standards and guidelines to implement cold-chain components nationwide, providing a roadmap for both central and state government bodies.

NCCD is also developing a mobile application to digitize data related to cold chain components. This app aims to increase capacity utilization, reduce fuel costs, and minimize the carbon footprint while capturing relevant logistic data for policymaking and analytics.

Amit Kumar, Committee Co-Chairman of the FICCI Committee on Logistics and Director of Pristine Logistics and Infraprojects, stressed the importance of sustainable infrastructure and smart technologies to optimize energy usage and reduce environmental impact.

 “We stand at a pivotal juncture where technology diffusion, policy initiatives, and market demand present unparalleled opportunities for the cold chain sector. By placing sustainability at the forefront, we can mitigate environmental impact, uphold economic viability, and fortify food security,” Kumar stated.

The summit also saw the release of the FICCI-Grant Thornton Bharat Report on “Cold Chain Dynamics: Mapping India’s Logistics Transformation,” which underscores the dynamic nature of India’s food processing industry and the pivotal role of the cold chain sector in addressing infrastructure gaps and high costs.

Leave a Reply

Your email address will not be published. Required fields are marked *

LATEST NEWS