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India Cold Chain Show 2017 Reflects Industry Optimism
2018/01/21
Reported by Rakesh Kumar, Managing Editor, ISHRAE Journal
Indian Cold Chain Industry
India’s logistics and supply chain sector, including the cold chain, is going through an upheaval due to the positive impact of two moves by the government: introduction of goods and services tax (GST), and conferring infrastructure status on the sector. These moves are prompting many companies to invest in this sector.
 
GST, which was introduced on July 1, 2017, means one market for the entire country, with seamless flow of goods to help businesses achieve cost optimization in their supply chains. In addition, the government conferred infrastructure status on the logistics sector on November 21, 2017, which means any investment in infrastructure like warehouses, cold storages, and refrigerated transportation will attract cheaper financing from banks. Bank loans for warehouses and cold chains will be available at 2% lower interest rate than other sectors.
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