Cold Storages

Cold storage infrastructure to get incentives

Industry Overview

According to Union Budget 2009, any expenditure to build and operate such facilities (other than land )  can be fully treated as deductions for tax. India is the second largest producer of fresh fruits and vegetables in the world, and the proposal is aimed at reducing wastage of perishables. Indian Cold Storage industry is estimated at USD 2.6 billion and this contains 88 % of surface storage and the rest in mobile storages. Currently, this has few players like Blue Star, Snowman, Crystal, Refcon, Carrier, Bulkani Deep Freeze, RK Foodland, Trans Cold Chain, Sensitech, Fresh & Healthy(Concor), Apollo Everest Kool Solutions, GATI (Kausar) and Tata Voltas.