"West Bengal faces a shortfall of 12 lakh metric tonnes of cold storage capacity. The post-harvest fruits and vegetable losses are worth over Rs 13,600 crore annually," Head of Energy and Environment of Institution of Mechanical Engineers (IME) Tim Fox said.
IME had recently conducted a study, "A Tank of Cold: Cleantech Leapfrog to a more food secure world" on farm losses in the country and trying to sentitise cost-effective technologies in cold chain, the most crucial element in stemming farm losses.
The institution forecast India's investment in cold chain to be USD 15 billion over the next five years.
The study highlights that India is the world's largest producer of milk, and second only to China in fruit and vegetables. Yet agriculture, which makes up 53% of the workforce, generates just 15 per cent of GDP.