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.”
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YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.
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