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COLD CHAIN MARKET,PM GATI SHAKTI & NATIONAL LOGISTICS POLICY



  Jun 05, 2024

COLD CHAIN MARKET,PM GATI SHAKTI AND NATIONAL LOGISTICS POLICY



SIMPLIFIER

1. What is a cold chain and its benefits?
A cold chain is a temperature-controlled supply chain that preserves and extends the shelf life of perishable products like food, pharmaceuticals, and chemicals. Benefits include reducing food spoilage, maintaining product quality, and ensuring the safe distribution of temperature-sensitive goods.

2. What gaps exist in the current logistics infrastructure?
Major gaps include bad roads, inefficient ports, and inadequate warehousing facilities, which hinder the efficiency and growth of the logistics sector, including the cold chain market.

3. How is the Indian government addressing these gaps?
Initiatives like the PM Gati Shakti-National Master Plan (PMGS-NMP) and the national logistics policy are focused on improving physical infrastructure. This includes upgrading roads, ports, and warehousing facilities to boost the logistics sector.

4. What impact will these initiatives have on the cold chain market?
These government schemes are expected to drive significant growth in the cold chain market, potentially increasing its value from Rs 2 lakh crore in 2023 to Rs 5 lakh crore by 2032.

5. What specific measures are being implemented to support the cold chain sector?
• Granting infrastructure status to warehousing facilities and cold chains to ensure better credit flow.
• Developing ice batteries for uninterrupted temperature control.
• Innovating packaging solutions like cube packaging to extend product preservation.
• Rolling out digital initiatives such as the Unified Logistics Interface Platform (ULIP) to track supply chain movements.

6. How does ULIP enhance the logistics sector?
ULIP serves as a national data gateway for all logistics-related transactions, allowing the tracking of goods from production to market. This digital initiative helps streamline the logistics process and improves transparency and efficiency.


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