Warehouses and Cold Chains in India

Released on: September 30, 2008, 2:25 am

Press Release Author: Bharatbook

Industry: Retail

Press Release Summary: Bharatbook.com launches a latest report "Warehouses and Cold
Chains in India" which are segments of the logistics sector that have surfaced as
critical components of supply chain networks in India.

Press Release Body: Bharatbook.com added a new report on "Warehouses and Cold Chains
in India" (http://www.bharatbook.com/detail.asp?id=80723)

The rapid evolution of organized retail in India along with the emerging large food
processing sector has made modern and well developed warehousing and cold chain
infrastructure indispensable for storage and transportation of perishable goods.
India which is worlds largest producer of fruits and the second largest producer of
vegetables does not have facilities for proper storage. Around 25 to 30 percent of
fruits and vegetables get spoiled due to improper handling practices and inadequate
storage infrastructure.

Organized retail in India grew from USD 16.99 billion in 2006--07 to USD 25.44
billion in 2007--08, a growth of 49.7 percent. According to the retail and fashion
research firm, Images Multimedia, Indias organized retail market has the potential
to reach USD 45 billion by 2010. Food retail is presenting the most significant
growth opportunity for retailers. The development of a modern retail sector will
necessitate streamlined supply networks with well developed storage infrastructure
between the source and the end consumer. A number of large players are already
investing huge sums to develop their supply chains, including a warehouse and cold
chain network to ensure the preservation of produce from the farm till the plate.
Pharmaceutical sector also depends upon cold chain networks for storage of biotech
drugs and vaccines.

The traditional preference for fresh produce among Indians has been a hindrance to
the growth of large storage capacities. Additionally, poor connectivity between the
production and consumption centers and varied tax structures across the country has
also prevented large scale investments in building a nationwide storage
infrastructure.

However, the changing consumer trend towards convenience and processed foods
indicate a future for greater storage capacities. In addition, introduction of Value
added tax (VAT) and a potential shift to a national Goods and Services Tax are also
likely to provide an impetus to the sector. Government of India (GoI) is also taking
initiatives such as national highway development program and is partnering with
Indian Railways to establish storage infrastructure.


For more information, kindly visit - http://www.bharatbook.com/detail.asp?id=80723



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