Bengaluru-based Snowman Logistics, India’s largest private cold chain service provider, is going ahead with its expansion plans after its proposed takeover by the Adani Group fell through, Chief Executive Officer Sunil Nair said.
“We will be opening two more units during the course of this year – in Siliguri and Coimbatore. Besides, we will be upgrading the existing capacity of our Krishnapattnam and Mumbai units. In a cumulative sense, we will be investing Rs 65-70 crore in fresh capacity creation and upgradation this year,” he told indoasiancommodities.com in an interview.
According to Nair, the expansion planned for the current year is part of the company’s strategy to add to its capacity by 15 percent annually.
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