date:Aug 08, 2014
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New Delhi estimates it needs to invest $9 billion in the cold supply chain by March 2016 to handle growing output of fruit and vegetables. That is more than 10 times the $822 million allocated in Modi's maiden budget last month, and far more than the government can afford.
The South Asian nation has 6,300 cold storage facilities with capacity of 30 million tonnes, barely half its needs, the National Horticulture Board estimates.
Annual retail inflation has averaged about 9.5 percent sin