India reaches 84% of 2037 cold-storage target; single commodity uses three-fourths of it

India has achieved 84% of its total cold-storage capacity target for 2037, a significant milestone in the country's agricultural infrastructure development. The sector is heavily concentrated in specific regions and commodities, with potatoes accounting for three-fourths of the total capacity. Uttar Pradesh and West Bengal together hold more than half of this storage infrastructure.
This progress is a positive signal for the agricultural supply chain, as it suggests improved logistics for perishable goods. For investors, it indicates that the cold-chain industry is maturing and expanding rapidly. This growth can benefit related businesses, including logistics firms, cold-storage operators, and agricultural equipment manufacturers.
Investors should watch for the pace of future capacity additions and the utilization rates of these new facilities. The continued development of storage infrastructure is crucial for reducing food wastage and stabilizing prices for farmers and consumers alike.
Excerpt from BusinessLine
Though India has reached 84 per cent cold storage capacity required for 2037-38, three-fourths of this capacity is used for a single commodity and half of it in two states, according to a new report by FICCI and Grant Thornton Bharat. The report titled ‘India’s cold chain: From storage to a chain’ finds that two…Read the original at BusinessLine
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