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Press Release

‘Emerging Innovations in Cold Chain’ – a YES BANK report to create a conducive & sustainable cold chain ecosystem

 

 Release of YES BANK knowledge publication: Emerging Innovations in Cold Chain - The Fruits & Vegetables Value Chain Perspective at the India Cold Chain Show 2017 on Dec 12, 2017 in Mumbai 

Mumbai, December 12, 2017, YES BANK released knowledge report titled - Emerging Innovations in Cold Chain - The Fruits & Vegetables Value Chain Perspective at the India Cold Chain Conference 2017 held on Dec 12-14, 2017 in Mumbai. The report highlights the challenges, infrastructure assessment and case-studies of best practices in the cold chain domain with specific focus on the fruits & vegetables sector. The report also proposes key areas of interventions in fruits & vegetables cold chain perspective, to create a conducive & sustainable cold chain ecosystem.   

The Summit was organized on the theme ‘Tapping unexplored opportunities in cold chain business in India’ and brought together key stakeholders from the cold chain industry to deliberate on the opportunities & challenges in cold chain sector in India. The forum discussed specific issues on high initial cost of cold chain projects, rising costs of land, construction and plant and machinery, rising cost of energy, lack of adequate infrastructure and refrigerated transport facilities, unavailability of trained personnel, amongst others.

Speaking on the occasion Mr. Rana Kapoor, MD & CEO, YES BANK and Chairman, YES Global Institute said, “India is the 2nd largest producer of fruits and vegetables in the world. However, only 2% of the production is processed and a very insignificant percentage of this is handled through a cold chain system. Further, anywhere between 5 - 16% of produce is wasted across various commodity value chains on account of inefficient storage, inadequate logistics, poor post-harvest management and low processing levels.

The perishable nature of food products necessitates use of uninterrupted cold-chain to connect and expand market footprint, maintain quality and avoid food loss and wastage. India requires affordable cold storages and cold chains at every major production and food producing hub in the country.

The pan-India focus across perishable segments will ensure actualization of the Government’s commitment of doubling of farmers’ incomes and also addressing the demand-supply gaps in domestic and international food chain markets for both fresh as well as processed products segment.”

About YES BANK

YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

For more information, please visit the Bank’s website at http://www.yesbank.in/

YES BANK
Alisha Prakash
Email: alisha.prakash@yesbank.in

Adfactors
Nimisha Mathur
Email: nimisha.mathur@adfactorspr.com

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