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Miami-based warehousing storage solutions provider, Blumberg Grain, is foraying in the Indian market with its crop storage and supply chain solutions. The company is proposing to set up a manufacturing facility for the fabrication of its warehousing systems, for which it is exploring locations in Punjab and Gujarat among other states.
“Given the Government's emphasis on food security, the company is looking at a suite of investments across the agricultural value chain, starting with a manufacturing plant and export hub for the fabrication of our warehousing systems that would create an estimated economic impact of $ 1 billion in the first year of manufacturing alone, and $ 5 billion over the next 5 years, as well as a number of other investments in downstream processing and upstream high yield farming," said David Blumberg, CEO of Africa and the Middle East, Blumberg Grain in an emailed response.
"Our manufacturing facility would produce the complete infrastructure requirements for 1200 storage warehouses a year when operated at full capacity," added Blumberg.
The company officials will visit Gujarat during this week to meet the state Government officials and various stakeholders on opportunities in the state.
The company is also looking to work with the warehousing corporations owned by Central and state agencies besides private warehousing players to upgrade India’s agricultural supply chain through the creation of state of the art food storage and warehousing facilities.
The company plans to finalise the location of the manufacturing plant, which will employ about 1000 people and export hub by the end of this summer, he said.
Marking its foray into warehousing solutions space in India, Blumberg has made several visits over the past two years to explore development opportunities and distribution partnerships within India. “We are now in the programming and design phases on several public and private sector projects, and are negotiating final agreements on distribution partnerships,” said Blumberg.
The company further stated that estimates suggest that India sees fruits and vegetables worth over Rs 13,000 crore perish every year due to inadequate storage, and over 20 million tonnes of wheat alone lost in post-harvest losses.
Blumberg Grain’s scientific warehousing and food storage solutions can potentially reduce these losses, close to 50 per cent of production, to less than 5 per cent, dramatically improving food security in the country, and benefiting farmers as well as consumers, it said.
The company has proprietary technology, like vacuum sealed organically fumigating bags, or its self-generating controlled atmosphere cold rooms that ensure products stay in condition.
The technology is believed to help farmers by allowing them to get the best price for their produce, and consumers by reducing food prices and price fluctuations.
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