I.G. International to invest Rs.150 crore in cold chain logistics
Company’s 8th Cold Store to be commissioned in Jaipur shortly
Mumbai, 10th February, 2015: I.G. International Pvt. Ltd. (IGLPL), which has set up I.G. Supply Chain Pvt. Ltd. (IGSC) to consolidate its third party cold chain logistics business, will shortly commission its eighth cold store in Jaipur. This facility incorporates state-of-the-art technology and is conveniently located in the outskirts of the city.
The cold store has a capacity of 1600 MT of CA (Control Atmosphere) Cold Store and is equipped with 8 banana ripening chambers with a total capacity of 125 MT.
Founded by Gian Chand Arora, Chairman, IGIPL, built its first cold store in 1999 to cater to their import business. Since then, its subsidiary IGSC has set up cold stores in Mumbai, Amravati, Chandigarh and Chennai.
IGSC is aggressively expanding its cold chain logistics business and investing around Rs.150 crores in mega cold store facilities under construction in Delhi, Bangalore and Mumbai with a total capacity of 15,000 MT, which will take the company’s total capacity to over 40,000 MT. IGSC also plans to further expand its third party logistics business by adding another 50 refrigerated trucks to its existing fleet of 50 refrigerated trucks, making the company one of the largest cold chain logistics providers in the country.
Sanjay Arora, Marketing Director, IGIPL, said, “IGSC is working towards providing an effective and economically viable cold chain solution with the use of the latest, best-in-class technology, which will totally integrate supply chains, and reduce wastage of valuable perishable commodities. Our cold stores incorporate the best energy efficient technology in every area – from insulation to cooling technology”. He added, “We are also looking at generating a part of the electricity required by the cold storage system by using solar arrays on the warehouse roof of our facilities.”
About IG International:
Incorporated in 2000 by Gian Chand Arora, IG International Pvt. Ltd. (IGI) is a leading marketer and distributor of high quality fresh fruit across India and its brand ‘IG’ is a trusted symbol. The company handles an annual volume of over 1500 refrigerated containers (40 feet) from 20 countries and distributes these through its 27 wholesale outlets across India.
IG Supply Chain Pvt. Ltd. is its wholly owned subsidiary and is among the top 5 players in temperature controlled warehousing with a capacity of 25,000 pallets and facilities in Mumbai, Chennai, Bangalore, Jaipur and Amravati. It has a fleet of 50 refrigerated trucks.
In FY 2014, IG International imported 30,000 MT of fresh fruits comprising of apples, cherries, kiwis, oranges, plums, pears, sweet tamarind, etc.