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Business Summit, Innovation Hub highlights of Refcold India’s ’19 essay
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Saturday, 02 November, 2019, 08 : 00 AM [IST]
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Ranjana Sharma, Mumbai
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Refcold India, known as South Asia’s largest cold chain and refrigeration event, in its latest edition, is all set to feature Refcold Business Summit and Innovation Hub as its highlights. The show will be held in the city of pearls, Hyderabad, Telangana, between November 21 and 23, 2019.
The southern city was zeroed in as the perfect destination to host the event thanks to Telangana’s robust infrastructure - an international airport, four food parks, 146 industrial parks, 27 SEZs (special economic zones) and two agri-export zones.
Refcold India 2019—the international exhibition and conference on cold chain, industrial refrigeration and reefer transportation—is being organised by The Indian Society of Heating, Refrigerating and Air Conditioning Engineers (ISHRAE), an organisation of HVAC&R professionals, and co-organised by NürnbergMesse, one of the 15 largest exhibition companies in the world.
Giving an insight into the event, Sonia Prashar, managing director, NurnbergMesse India Pvt. Ltd, states, “Refcold India, South Asia’s largest cold chain and refrigeration event, is the blooming destination for innovation in products and services, training and education and business networking for the entire food industry.”
She added, “Over 15,000 decision-makers and innovators from retail, food service, processing, production, distribution, logistics, and transportation, representing frozen, refrigerated, ambient and fresh operations, would attend the most prime convention pertaining to their industry.”
Prashar said, “Over the course of three days at Refcold India, exhibition, seminars and workshops will combine to deliver the most valuable and comprehensive business-to-business networking event, serving the perishables industry with opportunities to connect with key buyers that produce, handle, store or transport or are involved in the distribution of perishable products.”
According to the organisers, companies that participate in the event gain a high level of brand recognition and targeted business development opportunities in front of key buying audiences that produce, handle, store or transport or are involved in the distribution of perishable products, and are looking to optimise their supply chain and/or improve facility operations.
Highlights of the event
Refcold Business Summit: It aims to provide great business opportunities to exhibitors to connect with top industry buyers.
Refcold Innovation Hub: It will provide a platform for exhibitors and partners to showcase their innovations which has power to transform the cold chain and refrigeration industry.
Seminars, workshops and Sino-India Cold Chain Forum with speakers and panelists from countries like Denmark, France and China.
Overview of Indian market: Opportunities and challenges
The cold chain and refrigeration market in India is expected to reach $658.59 billion by 2022. The transformation of traditional perishables business through integrated cold-chain solutions would have a great impact on the market scenario and overall growth, in a country where 60 per cent of the population is currently employed in agriculture.
Along with a plethora of promises, this sector also comes with certain challenges.
Fragmentation of warehouses and third-party logistics delay the operational efficiency, hence integrated logistics solutions for end-to-end supply chain becomes imperative. Cold chain network configuration is a science and needs to be handled with care and responsibility. To transform these shortcomings into opportunities, the experts need to realign - right from the space & network modelling, logistics, and valued facilities to match cold chain requirements.
Through efficient operations, one can steer the opportunities in the current market, which are plenty, as the demands are very promising and the expected growth at CAGR of 13-16% provides great momentum for existing and new players.
Key growth drivers
Through cold chain logistics, distribution goes far and wide and in larger volumes, resulting into higher demand and consumption of dairy, meat, poultry and marine foods by 2020.
The Indian dairy industry is expected to double to $140 billion by 2020.
The Indian food and retail market is projected to touch $828.92 billion.
100% Foreign Direct Investment allowed in multi-brand retail business of locally sourced processed food.
Growth in pharma products.
The projects identified under ports & shipping industry - The Sagarmala Programme is expected to mobilise over 61.6 bn of infrastructure investment.
Concurrent events
Refcold India Emerson Awards Night - The award night hosted by ISHRAE along with Emerson to honour innovative & outstanding energy-efficient projects in the cold chain and refrigeration industry.
Daikin Global Poster Competition - The aim is to provide a platform to national and international students to demonstrate their innovative research.
Refcold Entrepreneur’s Conclave by industry experts - Creating an ecosystem for entrepreneurship through this conclave by industry experts.
Refcold Biz Quiz - Technical and entertaining Business Quiz for HVAC&R professionals to display their knowledge of technical and business domains.
Exhibitors
Exhibitors include companies that provide equipment, tools, and technologies that support the infrastructure and operations of cold chain; design and build services for cold storage, warehouse and processing facilities; all forms of refrigerated transportation; import/ export facilities and services; and companies that provide third-party cold storage and refrigeration logistics.
Visitors
An event where visitors get a chance to meet producers, handlers, store, transport or to those involved in the distribution of perishable products. Buyer-Seller Meet with delegations from France, China and Turkey.
Temperature-controlled transport, storage and services from the following sectors:
Food Processing & Supply, Fresh Fruit & Vegetables, Meat & Dairy, Seafood Fish, Frozen & Chilled Foods, Agriculture & Horticulture Produce, Wholesale Distribution & Retail, Transportation, Pharmaceuticals & Healthcare, Cold Storage Owners, Ports, Shipping Companies, Horticulture Departments, Hotels & Restaurants, Pharma Laboratories, Pharma & Vaccine companies, Research & Development organisations.
Way forward for the Indian cold chain industry
The cold chain industry has evolved over the years and has played an indispensable role to preserve, extend and ensure the high shelf life of products like fresh agricultural produce, seafood, frozen food, photographic films, chemicals, and pharmaceutical drugs, ultimately boosting the Indian economy. The major driving force behind the growth of cold chain facilities in India is the growth of the end-user industries.
The answer to timely delivery to the user industries including quick service restaurants, pharmaceutical industry, processed food industry and organised retail sector lies in the right product, in the right quantity, condition and price to the right customer at the right place. This is an art, completely dependent on the science of inclusive and accurate planning and decision making.
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