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IG International Pvt Ltd, India’s second biggest cold chain company by capacity, will invest ₹70 crore to set up four cold chain facilities as it looks to expand capacity to tap growth and buoyed by a recent government decision to grant infrastructure status to cold chains.
The family-owned company, one of the country’s biggest distributors of fresh produce sourced from overseas, will add facilities at Madhya Pradesh, Kolkata, Delhi and Krishnapatnam to add to the 16 it already runs at Mumbai, Panvel, Bangalore, Chennai, Amravati, Jaipur, Ganaur and Chandigarh, Tarun Arora, Director, IG International, told BusinessLine.
Last week, IG International opened a new cold store facility in Mumbai — its fourth in the metro — to handle and store fresh produce.
The 4,000-pallet facility leased from cold chain firm Kelvin has an area of 5,000 sq m located in a 7,000 sq m plot. It can maintain temperatures inside ranging from -20 to 20 degrees.
“Looking at the yearly growth in the fresh produce sector, our goal is to become the largest cold chain company in India in fresh produce by 2020 with a total capacity of 65,000 pallets,” he added.
IG International currently handles 80 million kg of fresh produce, growing at an annual rate of 30-40 per cent.
The company, according to Arora, has also started tapping into Indian produce, by setting up sourcing hubs in Himachal Pradesh for apples and Amravati in Maharashtra for citrus fruits.
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