Cold storage capacity expands, Rs 21,000 crore investment lined up by 2023

Currently 68% of existing cold storage capacity is used for potato and yet farmers aren't getting the right price. The situation in other commodities no better

In next 4-5 years Rs 21,000 crore will be invested in setting up or upgrading cold storages to address the problem of stockpiling of perishable commodities. There has been an urgent need to upgrade existing cold storage plant and machinery, and technology. An under-developed food processing value chain is another issue that needs to be resolved.

Currently 68 per cent of the existing cold storage capacity is used for storing potato and yet farmers are not getting the right price. The situation in other commodities no better.

Crisil Research has estimated that investment of Rs 16,000-21,000 crore is being lined