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IG International $10m Indian expansion
2017/05/31
May 29, 2017
Mumbai, India: Fresh fruit importer IG International plans to expand its cold storage network and open more plants in major regional hubs, including in Delhi, Kolkata and Nashik, reports Money Control.
 
IG International said it is planning to invest $10m to expand its cold storage network in major regional hubs. The company has 14 cold stores.
 
IG recently added a new $1m site at Khopoli on the Mumbai-Pune Expressway which will supplement the brand’s existing cold storage facilities in Maharashtra and will cater to IGIPL’s own fresh produce consumption, Tarun Arora, director, IG International said.
 
“The cold chain industry in India is currently valued at around $10bn and has been growing at an annual rate of 18-20% for the last three years, Arora said.
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