(Photo Courtesy: www.nccd.gov.in)
India's integrated cold chain industry is composed of a combination of surface storage and refrigerated transport, growing at a CAGR of ~20 percent in the last three years.
The Indian cold chain market is estimated to be worth $8 billion and is expected to touch $13 billion by 2018. Out of the $8 billion, less than $2 billion is shared by the biotech and pharmaceutical industry.
Currently India roughly has about 6,300 cold storage facilities. Under the 12th Five Year Plan (2012-2017), the Department of Pharmaceuticals has asked for the assistance worth Rs 50 crore ($9.2 million) for setting up cold chain facilities across India.