The Hindu Business Line : XPS Cargo signs MoU with Japanese cos

XPS Cargo Services, the express cargo division of Transport Corporation of India, has signed a memorandum of understanding with Yanmar Co. Ltd and Mitsui & Company Ltd of Japan to offer specialised cool container services - "Cold Chain''.

According to company sources, as per the agreement, the Indian and Japanese firms have agreed to work together for the demonstration of cool containers throughout the country. In the nationwide display, the containers will be unveiled in New Delhi, Mumbai, Bangalore and Chennai.

The specialised container services, it is stated, is primarily targeted at the food and pharmaceutical industries. The market size of the cold chain logistics trade is estimated at Rs 100 crore, expected to grow by at least 30 per cent annually.

For example, the country produces 32 million tonnes of fruits, roughly eight per cent of the world output, and 60 m.t. of vegetables, or 10 per cent of the world production. A meagre 1.3 per cent of the total production is processed, causing a loss of over Rs 2,000 crore annually. The cold chain, according to sources, will help reduce the wastage.

The features of the cold chain, the company sources said, included high precision temperature control and maintenance of humidity of over 80 per cent within the container and capacity to run for more than 100 hours without refuelling.

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