Temperature controlled Logistics India

Posted by Rahul on February 2nd, 2018

Government initiatives , turning formed retail , pharmaceutic industry , horticultural produce and food processing would goad the demand for temperature controlled logistics in the coming years .

The key Indian industries where temperature controlled logistics act very 'of import' role are fruits and vegetables, milk and milk products ( ice cream ) , Poultry and processed meat , marine products , pharmaceutic ( mainly vaccines ) and chemicals . An effective temperature controlled industry guarantees availability of food products as well as prevents spoilage of medicines . The growth in formed retail , turning interest in horticultural crops , demand for temperature controlled logistics from pharmaceutical industry and assorted initiatives by government are some of the reasons why there is a regenerated interest in this sector especially by private sector players .

Private sector participation has increased in the temperature controlled industry to provide to the increasing demand for temperature controlled logistics . Harmonizing to recently printed report by TechSci Research “India Temperature controlled Market Forecast and Opportunities , 2017” the temperature controlled market of India is expected to turn at the compounded one-year growth rate ( CAGR ) of 28 % during 2012-2017 , which will do it a whooping US $ 11.6 Billion ( Rs . The report includes metameric market projections and demand forecasting .

At the current capacity in India , only less than 11 % of what is produced can be stored . Often termed as the sunrise sector , temperature controlled logistics keep huge growth potential in India and there is a outstanding need to react to the eminent growth opportunities in the temperature controlled logistics sector , which identifies temperature controlled sector as a promising & moneymaking investment option . Initiatives to hike the temperature controlled infrastructure :

• 100 % FDI through government route

• Since 2011-12 temperature controlled has been given infrastructure status

• Viability gap funding up to 40 % of the cost

• 5 % concession on import duty , service tax exemption , strike duty exemption on respective items

• Subsidy of over 25 to 33.3 % on the cold storage project cost

• Establishment of National Centre for Temperature controlled Development

The expertise in supply chain management , warehousing , and other operations that a 3rd party logistics firm can proffer is of significant value to companies . Not only will the 3rd party logistics steadfast manage warehousing , transportation , and other operations more efficiently and with more expertise than the client would on their own , but the amount of capital necessitated to engage the 3rd party firm is generally less than would otherwise be necessitated for logistics operations . For many companies , the most effective and cost-efficient choice for supply chain management , warehousing , and other logistics operations , is to outsource those functions to a 3rd party logistics company .

*URL: http://www.crystalgroup.in