Having signed a Rs 500-crore investment deal with Andhra Pradesh government for freezing sea food, German gases and engineering company Linde Group now seeks to replicate the model in other parts of India by building demo labs and investing in production units.
Its Indian unit, Linde India in a statement said it uses a “German technology for freezing food items in cold chain systems so that the food is perfectly preserved without even a formation of ice crystals”. Linde India’s net profit for the year ended December 2015 stood at Rs. 23.5 crore, a significant improvement over Rs 5.4 crore in the previous year. It also showed ‘deferred tax assets’ of Rs 22.1 crore — which can be used to offset future tax liabilities — for its investments under Section 32AC of the Income Tax Act.