Cooling appliances maker Blue Star aims to double its commercial refrigeration business in next three years.
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| A+A A- By Express News Service
CHENNAI: Cooling appliances maker Blue Star aims to double its commercial refrigeration business in next three years. The Covid-19 pandemic has given a much-needed boost to the sector and demand for commercial refrigeration is growing especially in healthcare, pharmaceuticals and food processing industries, said its managing director B Thiagarajan.
“The commercial refrigeration segment in India is valued at Rs 3,000 crore currently and looking at the rising demand it can easily touch Rs 5,000 crore in the next three years. Blue Star has a market size of Rs 1,000 crore in the segment now and we expect to reach Rs 2,000 crore in three years,” Thiagarajan said. The company has also launched a new range of commercial refrigerators, ideal for storing vaccines including those meant for Covid-19.