Never miss a story

Get subscribed to our newsletter


×
The demand for cold storage facilities in India is likely to rise on the back of increase in online grocery. Pinterest

The demand for cold storage facilities in India is likely to rise on the back of increase in online grocery and fresh food deliveries and the emerging trend of cloud kitchens, said a report.

As per a CBRE report, the capacity of cold storage real estate is likely to double by 2023. The overall cold storage (CS) capacity in India stood at about 37-39 million tonne in 2019.


Follow NewsGram on Facebook to stay updated.

States including Uttar Pradesh, West Bengal, Gujarat, Punjab, Andhra Pradesh, Bihar, Madhya Pradesh, Maharashtra, Haryana and Karnataka accounted for 91 per cent of the total cold storage capacity in India in 2019.

Following the Covid-19 outbreak, the segment is expected to witness robust demand on the back of a surge in online grocery and fresh food sales, it noted.


The emergence of the ‘cloud kitchen’ concept is also likely to boost demand for cold storage facilities, the report said. Pinterest

Online Food Delivery (OFD) revenues in India are likely to grow by more than 60 per cent by 2023 and the increasing demand for OFD services will further boost the overall cold storage capacity.

Anshuman Magazine, Chairman, India & South East Asia, Middle East & Africa, CBRE said, “CS facilities play an integral role in improving the shelf life of products and are an important enabler for several industries working across fresh food production and delivery; along with healthcare and other products such as flowers and chemicals.

Also Read: Here’s Doctor’s Advice on Fasting During Festive Season

“Considering the potential of the CS segment in the country, we expect that consumer/industry-led factors in India would continue to attract the interest of leading players in the coming years,” he said.

The emergence of the ‘cloud kitchen’ concept is also likely to boost demand for cold storage facilities, the report said. (IANS)


Popular

voa

The Indian ships will spend more than two months in the region, the navy said in a statement.

NEW DELHI - India Navy sending four ships for exercises and port visits with the Philippines, Vietnam, Singapore, Indonesia and Australia to strengthen cooperation in the Indo-Pacific region, its navy said Wednesday, as China's maritime power grows in the area.

The Indian ships will spend more than two months in the region, the navy said in a statement.

Keep Reading Show less

The UK government on Thursday announced that it will move India from the red to the amber list on Sunday, in the country's latest update to the 'Red-Amber-Green' traffic light ratings for arrivals into England amid the Covid-19 pandemic.

This means the visit visas for the UK from India are open, in addition to other long-term visas that have remained open. But travellers from India arriving in England can complete a 10-day quarantine at home or in the place they are staying (not mandatorily quarantine in a managed hotel).

Keep Reading Show less
ians

Pakistan has failed miserably to protect Hindus, their interests.

A Hindu temple in Pakistan's Punjab province was reportedly vandalized by hundreds of people after a nine-year-old Hindu boy, who allegedly urinated at a local seminary, received bail, a media report said on Thursday.

According to the Dawn news report, the incident took place on Wednesday in Bhong town, about 60 km from Rahim Yar Khan city.

Besides the vandalization, the mob also blocked the Sukkur-Multan Motorway (M-5), the report added.

Citing sources, Dawn news said that a case was registered against the minor on July 24 based on a complaint filed by a cleric, Hafiz Muhammad Ibrahim, of the Darul Uloom Arabia Taleemul Quran.

The sources said that "some Hindu elders did tender an apology to the seminary administration saying the accused was a minor and mentally challenged".

But, when a lower court granted him bail a few days ago, some people incited the public in the town on Wednesday and got all shops there closed in protest, the report quoted the sources as further saying.

A video clip showing people wielding clubs and rods storming the temple and smashing its glass doors, windows, lights, and damaging the ceiling fans went viral on social media.

Also Read: Hindu Woman Axed To Death In Pakistan

Keep reading... Show less