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Budget 2009 - 10: Tax sops for cold chains
Posted On: 08-07-2009 00:00:00 09

In the Union Budget, the Finance Minister has extended investment-linked tax incentives to businesses setting up and operating cold chains and warehousing facilities for storing agricultural produce to encourage rural infrastructure and reduce wastage of fresh produce. The aim is to bring down wastage, smoothen the flow of agri goods to markets and consumers and result in higher output as farmers can grow more without fear of spoilage. According to estimates, nearly 40% of fruits and vegetables are spoiled during their transportation from farms to retail stores in the country due to lack of cold chains and warehousing facilities.

 
 
 

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