ENA Sectors 2024-05-30 15:42:24 <p><span style="font-size:14px"><strong>New Delhi, May 30 (KNN)</strong> India's cold chain sector is experiencing a surge in growth and technological advancements, according to senior government officials.</span></p> <p><span style="font-size:14px">Speaking at the FICCI Cold Chain and Logistics Summit, Dr. Surendra Ahirwar, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), highlighted the sector's burgeoning potential.</span></p> <p><span style="font-size:14px">With a current turnover of approximately Rs 2 lakh crore, the cold chain industry is expanding rapidly at an annual rate exceeding 10 per cent.</span></p> <p><span style="font-size:14px">Projections indicate the sector could reach a staggering Rs 5 lakh crore valuation by 2030 or 2032, fuelled by innovations, infrastructure development, and synergies between industry and academia.</span></p> <p><span style="font-size:14px">Pivotal advancements cited by Dr. Ahirwar include temperature-controlled warehousing, cutting-edge ice battery technology, and efficient packaging solutions.</span></p> <p><span style="font-size:14px">The government's role in nurturing an enabling environment was underscored, with initiatives like the PM GatiShakti National Master Plan accelerating infrastructure development, including temperature-controlled warehouses.</span></p> <p><span style="font-size:14px">Furthermore, the comprehensive National Logistics Policy, launched in 2022, addresses various aspects of the logistics sector, encompassing the cold chain.</span></p> <p><span style="font-size:14px">Asheesh Fotedar, Chief Operating Officer, National Centre for Cold-Chain Development (NCCD) under the Ministry of Agriculture, elaborated on NCCD's efforts to fortify India's cold chain infrastructure.</span></p> <p><span style="font-size:14px">These initiatives prioritise sustainability, efficiency, and innovation through the revision of technical standards and minimum guidelines for implementing cold chain components nationwide.</span></p> <p><span style="font-size:14px">Additionally, NCCD is developing a mobile application to digitalise data related to cold chain components, aiming to enhance capacity utilisation, reduce fuel costs, and minimise the carbon footprint.</span></p> <p><span style="font-size:14px">The app will capture relevant logistics data, aiding policy formulation and analytics.</span></p> <p><span style="font-size:14px">Amit Kumar, Committee Co-Chairman, FICCI Committee on Logistics and Director of Pristine Logistics and Infraprojects, emphasised the importance of developing sustainable infrastructure and embracing smart technologies to optimise energy usage and mitigate environmental impact.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38002 https://knnindia.co.in/news/newsdetails/sectors/indias-cold-chain-sector-poised-for-robust-growth-innovation-dpiit 2024-05-30 15:42:24 knnindia.co.in