Government initiatives such as PM Gati Shakti-National Master Plan (PMGS-NMP) and national logistics policy are likely to accelerate the growth of the cold chain market in India, helping the market to grow to Rs 5 lakh crore by 2032 from Rs 2 lakh crore in 2023, Surendra Ahirwar, joint secretary, Department of Industry and Internal Trade (DPIIT) said, citing estimates.