Opportunities for start-ups in agri warehousing and cold chain management

Abstract

The warehousing companies in India are valued at 1501 billion INR in 2019 and are expected to grow at a rate of 13% CAGR to reach 2821 billion INR by 2024. Agricultural warehousing accounts for about 15% of the warehousing market in India. A gradual metamorphosis can be observed from the traditional concept of go downs to become modern formats of warehouses. Despite the development in the warehouse facility over the past few years, its reach to farmers and its role in the supply chain is very less in India. The expected growth in the warehouse market also opens up opportunities for its value chain management, linking these warehouses to farmers and producers to make them more accessible. We have tried to identify the opportunities of making warehousing an integral part of the Agri supply chain in India by finding areas for start-ups in the value chain. The project includes suggestions which will bring the farmers nearer to the cold store and make it more accessible.