SJ Cold Storage Pvt. Ltd. is proposing to establish a private limited cold storage business with headquarters in Chitradurga, Karnataka. The business requires Rs. 50 crore in capital investment and Rs. 50 crore in bank loans. It plans to have branches in Shimoga, Bijapur, Mangalore and Mysore. The cold storage facilities will help reduce wastage of fruits and vegetables in India and support the agriculture industry. Financial projections estimate that the business will be profitable and generate an income after tax of Rs. 1.17 crore by 2020.