Hot prospectsin the Cold Chain Industry
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by: samdesouza123
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Date: Fri, 30 Dec 2011 Time: 4:51 AM
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The Integrated Cold Chain Scheme
Lack of adequate storage infrastructure for fruits and vegetables leads to wastage and value loss of approximately Rs.33,000Crs. every year. To support the growing horticulture and food services industry, the Ministry aims to have 45 lakh tonnes of cold storage capacity and over 3000 reefer trucks for domestic transportation of fresh produce by 2012. It is for faster growth of the cold chain industry that the Ministry of Food Processing Industry (MoFPI) has announced an Integrated Cold Chain Scheme. Integrated Cold Chain will enable excellent infrastructure facilities for cold chain, value addition and the preservation industry along the supply chain from ‘the farm to market’ by employing a cluster-based approach. To do this, the government has offered a 50% subsidy of up to Rs.10 crores.for project development. Individuals or groups of entrepreneurs with business interests in cold chain, supply chain, warehousing and logistics can benefit from this.
Eligible Project Components
The Scheme will consist of any two of the following components:
• Minimal Processing Centre at the farm level with facilities for weighing, sorting, grading waxing, packing, pre-cooling, CA/MA cold storage, normal storage and IQF
• Mobile pre-cooling vans and reefer trucks
• Distribution hubs with CA / MA chambers / cold storage / variable humidity chambers, packing facility, CIP fog treatment, IQF and blast freezing
• Irradiation facility (Considering the functional nature of the facility, Irradiation facility can be treated as a stand-alone component for the purpose of availing the grant.)
Pattern of assistance
The Subsidy on offer is 50% of the total cost of plant, machinery and technical civil works in general areas and 75% in North East Region including Sikkim, J&K, Himachal Pradesh and Uttarakhand and difficult areas. However, it is subjected to a maximum of Rs.10 crores. The grant will be released in 3 installments in the ratio of 25:50:25
Eligibility Criteria
Participants will have to fulfill the following criteria:
• The applicant should be an individual or group of entrepreneurs with interest in setting up of an integrated cold chain
• The applicant should have a proven track record infood processing, value chain and cold chain logistic management
• The promoter must have a net-worth of 1.5 times the grant amount. (Subject to change)
• The implementation schedule for the project would be about 18 months from the date of the approval of each project.
Ministry Empanelled - Project Management Consultancy
Considering the complexities of the scheme, the Ministry has selected Project Management Consultancies (PMCs) to provide management, capacity building,coordination and monitoring support. MoFPI empanelled Project Management Consultancy;Magus Consulting Pvt. Ltd. aims to assist entrepreneurs in liaisoning with the ministry, developers, farmerassociations,self-helpgroups, etc. creating concept and feasibility reports and inensuring smooth implementation of projects through every stage. Incorporated in 1954, Magus forayed into providing Project Management Consultancy services in 2003, with a vision to create flourishing communities. The Group is today amongst India’s leadingPMCs, offering conception to completion services under one roof to a diverse set of clientele in micro infrastructure, realty and various other sectors. It is a trusted partner to several governmentbodies, corporate institutions and entrepreneurs in a host of innovative projects. Some of thenational projects it is associated with are MMRDA’s Rental Housing Development, Ministry ofTextile’s SITP and BhiwandiPowerloom Cluster and National Centre for Jute Development’s JutePark.
With regard to Integrated Cold Chain Scheme, Magus can offer its expertise across all stages of project development includingin:
• Detailed Project Report preparation including cluster-mapping, raw material assessment,product mix, business plan, technical master plan, section design or drawings withquotations, financials & management
• Implementation of project including day-to-day supervision
• Assistance in preparation of BOQs and Bid Process Management in procurement ofcontractors and materials
• Assistance to SPV for release of GoI grant, duly ensuring requisite documentation
• Assistance for detailed Engineering, Designing and Bid Process Management at theexecution level.
About the Author
Feasibility Report consultantsEvery recommendation is built on painstaking research and understanding of the scenario. Only with diligence can conceptualization truly become the genesis for growth.
Considering the high importance of Industrial Project Conceptualization advisory services Magus accords to creating viable conceptualization stage by getting involved in every aspect for creation of feasibility report, concept report and advisory services.
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