India’s agricultural sector, which accounts for approximately 65% of Indian employment, has a significant impact on the country’s economy.
It contributes roughly 40% of the country’s national income.
The agricultural sector, being at the core of the economy’s purchasing power, has enhanced the demand for competitive technologies to preserve and manage the temperature of perishables.
The country’s annual production of perishable commodities and consumables – amounting to nearly 137 million tons – necessitates specialized environment-controlled facilities for enhanced shelf life during transport and to reach wider markets.
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Shardul Thacker is a partner with Mulla & Mulla & Craigie Blunt & Caroe in Mumbai.
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