In July 2016 the J M BAXI GROUP moved live reefer containers by Rail for the first time in North India, from Mundra to its ICD Delhi International Cargo Terminal at Sonipat, creating history in the Cold Chain Logistics.
To further improve upon the Cold Supply Chain, Boxco Logistics (the groups’Logistics vertical) erected and commissioned a state-of-the-art temperature controlled warehouse in Oct 2017, with a capacity of 8000 pallets at Sonipat next to DICT in an alliance with Coldman Logistics. Today JMB GROUP has capacity to move regular reefer rake loads from locations like Mundra, Pipavav and Nhava Sheva, providing a multi-modal end-to-end EXIM Cold Chain service
It is estimated that in India about 40% of the food produced gets wasted even before it reaches your plate. It is well articulated by the journey of rice in India: of every 10 grains, 6 never reach a home, due to poor transportation, storage and other steps in the supply chain process. Post-harvest losses are claimed to be almost one lakh crore rupees, amounting to almost 10% of the budget 2017-18 allocation to the agriculture sector! A faulty supply chain is a major factor. Similar issues are encountered in food imports and exports, where temperature control is of utmost importance. The supply chain is broken many times in the end-to-end logistics resulting into wastage and drop is quality of the products.
The solution is hi-tech, integrated end-to-end temperature controlled supply chain for domestic as well as EXIM movement and storage.
Cold stores are the major revenue contributors of the Indian Cold Chain industry and are mostly used for storing potatoes. However, the market is gradually getting organised and focus towards multipurpose cold storages is rising.
Indian Temperature Controlled Warehousing (TCW) capacity in FY 2017 is estimated at 47 Million MT. Revenue is expected to grow at 28% CAGR & Capacity at 13% CAGR. Reefer Truck volume is close to 8000+ Trucks.
The modern Cold chain industry in India is in a nascent but high growth stage.
Though India is the second largest horticulture producer in the world, there are high level of wastages (30-40%) in the `farm to fork’ supply chain due to low level of penetration of modern Temperature Controlled Warehouse (TCW) networks.
Current penetration of TCW’s in India is <10% (v/s 60%+ internationally). Industry currently dominated by the un-organized sector with small, low technology cold stores