Project report for Deep-freezer and rent out units

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Introduction

In 2020, the Indian deep freezer and renting out industry reached worth INR 1425.49 billion. Cold stores provide storage and transportation for items that must be kept at a certain temperature. India is the world's largest producer of milk, the second largest producer of fruits and vegetables, and a major producer of seafood, meat, and poultry. The majority of these products are temperature sensitive and must be stored and transported within specific temperature ranges. As a result, the country now has a very strong deep-freezing system. In India, organised retail is considered to be one of the most important drivers of the deep-freezing industry and its rent out.  one may expect customers to have access to a wide range of fresh fruits and vegetables, dairy goods, meat and poultry products, and a variety of other temperature-sensitive commodities that require cold-chain storage and transportation as organised food retail expands. The majority of integrated retail players have also recognised that establishing a solid deep-freezing system is a critical move in effectively controlling their supply chains. The market appetite for processed foods has increased significantly. The Indian government has also stated its intention to construct a number of mega food parks.  This bodes well for the country's deep freezing and thus the rent-out industry's growth.

Market potential & Strategy

In 2020, the Indian deep-freezing industry was worth INR 825.49 billion. Cold chains provide storage and transportation for items that must be kept at a certain temperature. India is the world's largest producer of milk, the second largest producer of fruits and vegetables, and a major producer of seafood, meat, and poultry. Cold chain storage and cold chain shipping are the two segments of the industry. Deep freezing storage now leads the industry, accounting for the majority of revenues. The industry has been segmented into fruits and vegetables, meat and fish, dairy products, and healthcare products based on product category. Farmers are shifting their crops to fruits and vegetables due to rising uncertainties and investments in grain crops. Since most of these crops need refrigeration, cold storage facilities are anticipated to grow in prominence due to the prevailing pandemic impacting the entire globe including India. The Healthcare Industry's Demand Is Growing: Many healthcare items, including vaccines, biopharmaceuticals, and clinical trial supplies, are heat sensitive and must be kept at temperatures between 2 and 8 degrees Celsius. We expect a strong demand for powerful cold chain facilities in the coming years, with India's vaccine, biopharmaceutical, and clinical trials markets forecast to rise at double-digit rates. In all, the deep-freezing industry seems to be very promising in terms of its requirements In different product portfolios and due to its preservation features. High profitability can thus be expected with moderate risk taking.

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