Siliconindia Magazine

Cover Story

Cold Care Service: An Industry Giant Striving To Meet The Demands Of HighGrade Cold Storage Services

The magnitude of the world's cold storage segment is anticipated to increase from $123.43 billion in 2021 to $141.39 billion in 2022 at a compound annual growth rate (CAGR) of 14.6 percent. A CAGR of 16.5 percent. is predicted to bring the size of the global cold storage market to $260.01 billion by the year 2026. Within India, perishable goods are produced in excess of 400 million MT annually. To stop the substantial losses in the perishable items supply chain, sufficient and effective cold chain facilities must be in place from the local farms to the customer. 75 percent of the total cold storage space is generally being used, demonstrating the viability of the cold chain industry in India. Around the turn of the century, Dr. P. Upender Rao, Founder of Cold Care Services, discovered...