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India expects future growth in the commercial refrigeration business |
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Friday, 02 February 2007 |
 The air-conditioning and refrigeration markets in India are likely to witness spectacular growth in the near future. And much of this growth is likely to take place in the commercial rather than the household sector, reveals an article from "Appliance Magazine.com".
As the retail industry gets more organized, there will be a growth in demand for cold retail chains. The process of storing, transporting and displaying food at appropriate temperatures will gain more significance.
Recently the city of Hyderabad in southern India saw the launch of 11 Reliance Fresh stores. Promoted by the largest corporate conglomerate in India, Reliance Industries, the 11 stores are expected to be the beginning of a foray into retailing expected to be the largest India has witnessed. The company intends to invest Rs 250,000 million (approx. U.S. $5.6 billion) to launch a national chain of supermarkets and hypermarkets selling everything from groceries to fresh vegetables to consumer durables under one roof. The national roll-out could include the opening of stores in 784 cities and 6,000 small towns by 2011. |
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