GST Council’s Rate Rationalisation: A Strategic Boost for Cold Chain Growth- Says Mr. Chandrakant P. Patel, Chairman & Managing Director, Ice Make Refrigeration Ltd.
The GST Council’s decision to rationalise tax rates marks a pivotal moment for India’s cold chain and refrigeration industry.
By streamlining the tax structure and reducing rates on critical inputs—including farm equipment, agri-linked products, and consumer durables—these reforms will create a ripple effect of benefits throughout the entire cold chain ecosystem.
For Ice Make Refrigeration, which serves diverse sectors spanning agriculture, food processing, pharmaceuticals, and dairy, this reform directly translates into reduced operating costs for our customers.
This is particularly significant for SMEs and farmers, who form the backbone of India’s agricultural value chain.
As refrigeration remains an essential enabler of food security and healthcare logistics, enhanced cost efficiency at the grassroots level is crucial for driving broader adoption of sustainable cold chain solutions nationwide.
The introduction of faster refund mechanisms and simplified compliance norms will substantially ease working capital pressures—benefiting not only our operations but also our extensive network of MSME partners and suppliers.
This reform arrives at a strategically important time as India strengthens its manufacturing capabilities while navigating global trade dynamics, including shifting US trade policies.
By stimulating domestic consumption and reducing the overall tax burden, GST rationalisation transcends fiscal policy—it serves as a comprehensive growth catalyst that directly aligns with our mission of developing sustainable, energy-efficient refrigeration solutions for a self-reliant India.
This reform will accelerate our ability to deliver cutting-edge cold chain infrastructure that supports India’s agricultural productivity, food safety standards, and pharmaceutical distribution networks.”
