REFCOLD India, 2023, South Asia's leading exhibition and conference dedicated to refrigeration and cold-chain technologies, commenced today at the Chennai Trade Centre, Chennai. Organised in collaboration between the Indian Society of Heating, Refrigerating and Air Conditioning Engineers (ISHRAE) and Informa Markets, REFCOLD India 2023 is set to redefine the industry landscape. This well-reputed event represents a significant step forward in the refrigeration and cold-chain sector, unveiling a vast potential cold-chain market of around INR 4.3 trillion by 2027.
The event's grand inauguration was spearheaded by a rich array of dignitaries including Guest of Honour - Dr. R Velraj, Vice Chancellor, Anna University; Mr. Raja M Sriraam, Chairman, RECFOLD Chennai, ISHRAE; Mr. Yogesh Thakkar, National President, ISHRAE, Mr. Anoop Ballaney, National President Elect, ISHRAE and Mr Yogesh Mudras, Managing Director, Informa Markets in India.
The 6th gala edition of REFCOLD India brought together top experts, businesses, and thought leaders who are driving the industry's transformation with over 200 exhibitors, including an impressive lineup of industry giants such as BlueStar, Copeland, Rinac India, Tecumseh, Daikin, K-Flex, Yaskawa, and Danfoss, among others. The show anticipates more than 10,000 visitors, industry leaders, and professionals, for dynamic business opportunities, knowledge-sharing sessions, and networking.
Speaking on the occasion, Mr Yogesh Thakkar, National President ISHRAE said, “The adoption of integrated cold chain solutions has the potential to significantly revolutionize the traditional perishables sector, bringing about substantial changes in the market landscape and overall growth. This is especially important in a country where agriculture employs 60% of the population. To harness the potential of integrated cold chain solutions, there is a need to optimise logistics, enhance value addition facilities, adopt green refrigeration practices, and adopt energy-efficient cooling systems and natural refrigerants ultimately improving efficiency across the supply chain. Similarly, the Indian organized food industry is a vast arena with significant potential. This underscores the substantial room for growth in the food delivery sector, which, when integrated with advanced refrigeration and cold chain solutions, can further enhance food quality, safety, and delivery efficiency.”
“The pandemic acted as a catalyst, propelling India's online food delivery market to reach approximately $21 billion by 2026, with a remarkable compound annual growth rate (CAGR) of nearly 30%”, he further added.