‘Cold chains to grow at 20% CAGR by 2025’
The Hindu
The national cold chain sector is expected to grow at over 20% CAGR by 2025 due to its transformation from conventional cold storage to modern storage space, JLL said in a report. There is an opportun
The national cold chain sector is expected to grow at over 20% CAGR by 2025 due to its transformation from conventional cold storage to modern storage space, JLL said in a report. There is an opportunity for organised cold storage/palletized cold storage in Tier-I cities like Mumbai, Delhi NCR, Bengaluru, Chennai, Pune, Kolkata, Hyderabad as well as Tier-II cities like Lucknow, Kanpur, Ranchi, Patna, Bhubaneswar, Goa, Aurangabad, Ahmedabad, Kochi and Coimbatore, JLL said. An additional 1.5 lakh to 2 lakh pallet capacity (frozen and chilled) may be added as part of temperature-controlled storage space in the next two to three years, it added. “Automation in the logistics sector will only become more pronounced in the coming years and we see innovation in the multi-modal and cold supply chain as catalysts for new segments of demand. Both from the equity and lending community, the appetite for the yield in the industrial sector is likely to further drive the investor demand for cold chain facilities,” said Yogesh Shevade, Head, Industrial Services, JLL, India.More Related News