September 27, 2010

Ingersoll Rand Playing Prominent Role in Building India’s Cold Chain Industry

NEW DELHI, INDIA (INGERSOLL RAND NEWS SERVICE) -- During the past year, Ingersoll Rand has been working proactively with government and industry in India to develop the country’s cold chain sector. Recognizing Ingersoll Rand’s leading role and thought leadership in this area, India’s Ministry of Food Processing Industries invited Ingersoll Rand India President Venkatesh Valluri to join the minister’s core advisory committee and be a part of the recently created “Ministry-Industry Consultative Committee” (MICC). The MICC will hold extensive and continuous consultations with stakeholders to boost India’s food processing sector, of which the cold chain is an integral part.

“India wastes about 35 percent of its agricultural produce,” said Valluri, “and this wastage can be brought down to about 5 percent with a robust cold chain infrastructure. We need an effective policy to build the country’s cold chain industry. The creation of the MICC is a key step toward a dialogue between the industry, government and policy makers. Our inclusion in this forum reiterates Ingersoll Rand’s leadership position in shaping India’s cold chain industry.”

Valluri attended the first meeting of the MICC on August 25 in New Delhi, which was chaired by Subodh Kant Sahai, India’s minister of food processing industries.

In yet another acknowledgement of Ingersoll Rand’s active role in promoting the cold chain industry, Valluri was recently elected to take over as chairman of the National Cold Chain Task Force, set up by the Confederation of Indian Industry. This is a significant development that will allow Ingersoll Rand to play a lead role in formulating, influencing and executing policy for the Indian cold chain industry and strengthening government-private partnerships.

In addition, Ingersoll Rand is partnering with the National Horticulture Board in India as part of its Technical Standards Committee.

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