Food cold chain driving India’s refrigeration sector
Pune, India, 28 March 2019: The overall trend and future of the market of the Indian HVACR industry is very positive, said Arvind Surange, CMD, ACR Project Consultants, adding that the food cold chain has been the major driving force for the refrigeration industry and cold chain sector. “This is due to the fact that India is a major producer of perishable foods,” he said, sharing that India ranks No. 1 in milk production, No. 2 in fruits and vegetables production and is again one of top-ranking countries for meat, poultry and fisheries products. “The overall perishable food production in India is over 400 million metric tonnes (MMT),” he added.
Surange shared that current demand estimates show that the potential for growth in the cold storage capacity is about 10%. “However, in the food processing segment, there is a vast potential for the growth of the industry, as the current food processing capacity is less than six per cent of the production,” he said. Surange added that other applications of refrigeration showing great potential for growth include pharmaceutical and bulk drugs industry, beverages industry and the entertainment sector.