Gujarat based innovative cooling solutions and equipment manufacturing company Ice Make Refrigeration
Limited believes the steps taken by finance minister Nirmala Sitharaman in
budget 2020 to revive economic growth, would increase demand for
cold storage infra and warehousing in the country.
 |
| Chandrakant Patel |
Mr Chandrakant
Patel, CMD, Ice Make Refrigeration Limited said “We believe budget 2020 is well
balanced. The new and increased budget plan outlays will boost the growth
prospects of cold storage infra and logistics sector. Steps like "Kisan Rail" that will provide
refrigerated coaches in trains (thereby helping farmers access faraway markets
quickly, cheaply and efficiently), expansion of NABARD refinance scheme
which will map and geo-tab 162 mn tonne capacity agri
warehouses across country, setting up of village agri storage facilities
by self help groups, allocation of
Rs 2.83 lakh crore for agri and allied activities , Rs 1.7 lakh cr for
transport infrastructure, development of 100 more airports,
Delhi-Mumbai Expressway, doubling of milk processing capacity, promotion of one
horticulture crop in each district on cluster basis, introduction
of simplified return for GST from April 2020, are some of
the major steps that can certainly boost the demand for refrigeration, cold
storage and logistics infrastructure across the country and also improve the
overall fundamentals of the economy”
“Though the FM has not made any major fiscal stimulus and big plan outlays
this time, however, the budget 2020 looks quite balanced with the limited resources the government has in
hand currently. We believe under the circumstances, they are able to maintain
fiscal responsibility, is the biggest positive and the nominal GDP growth at 10% as a benchmark is quite
sensible. Increased fund allocations in various plan outlays
indicate government has serious intentions to revive the private investment
cycle, and to increase the agricultural income. The 16-point action plan
proposal to boost agriculture and farmers welfare is a certainly a good
step. However, more reforms are needed to
tackle the pain points of the economy.” Mr Patel added
About Ice Make Refrigeration Ltd
Ice Make has been successfully satisfying the needs
of its customers, from production to after-sales service, since 1993. The
Company is engaged in the business of providing customized cooling solutions to
diverse set of clients across wide range of industries by manufacturing and
supply of 50 plus high quality refrigeration products & equipment’s.
The Company over the years have received several
awards and accolades including Indian Leadership Award for Industrial
Development in 2011, Best Medium Enterprise (Manufacturing) by Canara Bank
&Skoch Award in 2014, India SME 100Award in 2017 and Gold Award for
excellence within its core industry category &2017-18 Vision Award for
Annual Report Competition” hosted by the League of American
Communications Professionals LLC (LACP) where ICE Make was ranked 27th among
the top 100 annual reports globally.
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