ICE showcases complete range of cold chain technologies and solutions on one platform. The exhibition, conference and award' night provides an opportunity for modern cold chain, logistics, retail and other related industries to identify new trends, discuss new ideas, witness latest innovations, view a wide range of products specific to the industry.
Tamil Nadu has the second largest economy in India with a current GSDP of INR 13,842 billion (US$210 billion). Per capita GDP of Tamil Nadu was $3,000 in the year 2014–15, the third highest in India. Over 50% of the state is urbanized, accounting for 9.6% of the urban population in the country while only comprising 6% of India's total population. Services contribute to 45% of the economic activity in the state, followed by manufacturing at 34% and agriculture at 21%. Government is the major investor in the state with 52% of total investments, followed by private Indian investors at 29.9% and foreign private investors at 14.9%. It has been ranked as the most economically free state in India by the Economic Freedom Rankings for the States of India.
Tamil Nadu has historically been an agricultural state, while its advances in other fields launched the state into competition with other areas. Agriculture is heavily dependent on the river water and monsoon rains. Tamil Nadu is also the leading producer of kambu, corn, rye, groundnut, oil seeds and sugarcane in India. At present, Tamil Nadu is India's second biggest producer of rice. Tamil Nadu is the home to Dr. M.S. Swaminathan, known as the "father of the Green Revolution" in India. The town of Namakkal is a major poultry hub of India and Erode is one of the major producers of turmeric in India.
Tamil Nadu is planning to establish integrated cold chain infrastructure for banana in six regions to reduce wastage. The regions are Erode, Coimbatore, Tuticorin, Theni, Tiruchi and Tiruvannamalai. With an annual production of nearly 9 million tonnes, Tamil Nadu is the country's largest producer of banana with nearly one third market share. However, around 30 per cent of the produce is wasted due to inefficient post-harvest practices, said sources.
It is estimated that the annual loss of opportunity at over INR 2,700 crore due to lack of cold storage infrastructure for banana. Currently the capacity of cold storages, pack houses and ripening chambers for banana only accounts for 8 per cent of production. There are cold storages for banana in Theni, Tiruchi, Salem, Dindigul and in a number of small places built in the last two years. However, this entire can only help the industry handle less than one tenth of bananas produced. By investing in cold chain infrastructure, Tamil Nadu can increase earnings of farmers by 40 per cent, while consumers get scientifically ripened fruit and opportunities for processing of banana get created.
All these learning compel not only the Indian companies to explore the business opportunities in the state but also the overseas companies to invest in Tamil Nadu. Moreover, Tamil Nadu is surrounded by other progressive states like Andhra Pradesh, Telangana, Kerala and Karnataka and a nearby country - Sri Lanka. This expands the trade in Tamil Nadu to other related sectors like seeds, spices, sea-food and pharmaceuticals apart from fruits and vegetables. Chennai, being the capital of Tamil Nadu, is enriched with all the resources and is ideally placed geographically in the southern part of India which makes it apt to organize the ICE 2017.