Almost 25 per cent of the total warehousing/logistics space uptake across the country in 2014 was by e-retail players, while the uptake of logistics space rose by more than seven times over that of 2013. Indian Cold Chain industry is expected to grow at a CAGR of 28% over the next 4 years and reach a market size of USD 13 billion in 2017
Key growth drivers include growth in organized retail and food service industry, government’s initiatives, rising export demand for processed and frozen food. With the current capacity only less than 11% of what is produced can be stored.
India is the second largest producer of fruits and vegetables in the world and the country’s integrated cold chain industry is expected to reach US$ 13 billion by 2017, at a CAGR of 20%