Air cargo players invest to meet rising cold chain demand from India's pharma industry

© Alexey Novikov

India’s pharmaceutical industry is growing at 15% a year – triple the global average – and is expected to grow to US$55bn by 2020.

The market is already the third-largest in the world by volume, but only 13th by value, according to Indian research firm Equity Master. Exports are worth $16bn and are predicted to reach $20bn by 2020, with the US and the UK the biggest customers of Indian pharma products.

KWE India, a subsidiary of Japanese 3PL Kintetsu World Express, is one local logistics firm investing ...