Covid-19 vaccine to help cold chain market jump 17% to Rs 1.7 trn in CY21

An increase in demand for cold storage solutions from pharma and other segments is expected to help the Indian cold chain market to post a 17 per cent growth in 2021 to Rs 1.7 trillion, according to market research firm IMARC Services. In addition to the demand for cold storage to house Covid-19 vaccines, cold chain service providers and logistics players are witnessing a surge in demand from pharma and allied industries.

Growth next year comes on the back of robust 16 per cent estimated annual growth over the last five years (2015-2020) with volume growth in the period pegged at 4.4 per cent. By the end of 2020, the cold chain market is expected to have a volume capacity of about 41 million tonnes.

While the growth this year is expected to come from the rolling out of the Covid-19 vaccines (advance orders), the wider reach of the government immunisation programme and the increasing requirement from online grocery platforms aided the growth of the sector over the last few years.

Currently, healthcare products account for a share of 3.6 per cent in the overall Indian cold chain market,

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Workers vandalise Wistron’s iPhone plant in Karnataka over unpaid salaries

In another employee standoff at a multinational conglomerate in Karnataka, violence broke out at Taiwanese technology giant Corporation’s Narsapura plant in Kolar district of the state near Bengaluru, which manufactures iPhones apart from other IoT products.

The employees who alleged salary deductions and untimely payments damaged factory property including vehicles of officials parked at the premises. Thousands of employees were seen shattering window panes, furniture, and CCTV cameras at the campus. About 100 workers were detained on Saturday following the incident.

“This issue has lingered for over four months now. Initially, there were three shifts which were converted to two shifts with 12 hours duty and four hours overtime. While the company is not paying salaries for overtime, it has reduced the promised salaries to employees,” alleged Krishna Siddi, All India Trade Union Congress member. For the past four months the employees were raising concerns about salary deductions but in vain, he said.

The company has not yet responded to the incident. The government condemned the violence but also assured clearance of payment dues to employees.

“Our government will do the needful to ensure

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Iran Executes Opposition Figure Ruhollah Zam

Iranian authorities on Saturday executed Ruhollah Zam, a former opposition figure who had lived in exile in France and had been implicated in anti-government protests in the winter of 2017 to 2018.

The “counter-revolutionary” Zam was hanged in the morning after the supreme court upheld his sentence due to “the severity of the crimes” committed against the Islamic republic, state television said.

Judiciary spokesman Gholamhossein Esmaili had on Tuesday said Zam’s sentence was upheld by the supreme court “more than a month ago”.

The news brought a wave of condemnation from abroad.

The European Union denounced Zam’s execution “in the strongest terms”, reiterating the bloc’s “irrevocable opposition to the use of capital punishment under any circumstances”.

While the London-based human rights group Amnesty International said the execution of the “journalist and dissident” marked a “deadly blow” to freedom of expression.

Diana Eltahawy, Amnesty’s deputy director for the Middle East, said she was “shocked and horrified” at Zam’s death.

Iran’s Revolutionary Guards announced his arrest in October 2019, claiming he had been “directed by France’s intelligence service”.

Zam had lived for several years in France and was arrested in circumstances that still remain unclear.

Paris-based press rights group Reporters Without Borders

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