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    FDI in Retail Can Help UP’s Cold Storage Industry Grow Ten Fold: Assocham

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    With 41 percent of the total cold chain storage capacity of the country, the sector has the potential to grow up to 10 times in five years if the UP government allows FDI in retail, states , the PTI has reported.

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    UP has cold chain units with storage capacity of 1.4 lakh tonnes, said , Assocham Secretary General. Rawat said there was immense opportunity of cold storage sector in the state where 40 percent of the product were destroyed due to lack of facilities. He added that at present new cold storage of Rs 14,000-15,000 crore were being constructed in the state which would be ready in next two to three years.

    After UP, West Bengal with a share of 23 percent is at the second place in cold chain sector and Punjab on third with 5.5 percent share, the report added.