Time is ripe for big organised retail

India is now the second largest global producer of fruit and vegetables at 11.84 and 13.36 per cent of the world total. This has happened in the space of 10 years. In the same period, the cumulative investment in warehouses by the Central government was just Rs 350 crore — far from developing a national chain of air-conditioned warehouses for perishable products, it does not even begin to make the down payment for the venture. This is the reason why fruit and vegetable prices shoot up in urban markets when the season changes.

Read Full Story>>