IIT students create cold storage tech to solve a Rs. 44,000 crore problem
Currently, over Rs. 44,000 crore worth of fruits, vegetables and grains in India are wasted annually due to a lack of cold storage facilities. Various studies have shown that our installed capacity of 30.11 million metric tonnes is about half of what is required. In places with insufficient electricity, this problem is especially acute.
Priced between 5-6 lakh rupees, this cold storage designed by IITians has a minimal running costs and low lifetime costs due to the lack expensive or fragile components that require regular replacement.
Cheap and extremely useful, the technology designed by these IITians is poised to tackle the massive problem of agricultural waste, which results in annual losses of over Rs. 44,000 crore.
The system has successfully completed a pilot project in a Karnataka farmland.
The IITians will start an assembly unit in Pune next month, and aim to manufacture 20,000 cold storage units in the next five years.