- According to the Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets and produces Amul products, the combined turnover of the Amul brand exceeded Rs 52,000 crore during 2019–20.
According to the Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets and produces Amul products, the combined turnover of the Amul brand exceeded Rs 52,000 crore during 2019–20.
The federation has said it aims at achieving Rs 1 lakh crore community company turnover by 2024-25.
“GCMMF ‘s group turnover and its constituent member unions, representing a consolidated turnover of all products sold under the Amul brand, exceeds Rs 52,000 crore or USD 7 billion. GCMMF aims to achieve a group turnover of Rs 1 lakh crore by 2024-25,” it stated in a statement following the 42nd Anand General Meeting.
In 2019-20, the GCMMF said it posted a sales turnover of Rs 38,542 crore, which is 17 percent higher than the previous fiscal year.
The rapid expansion helped Amul report nearly five times as much turnover as Rs 8,005 crore in 2009-10, it said.
Daily milk procurement in 2019-20 was 215,96 lakh liters per day, GCMMF said, quoting its president, Ramsinh Parmar.
“This huge growth was due to the high milk procurement price charged to our farmers, which grew by 127% from Rs 337 per kg of fat in 2009-10 to Rs 765 per kg of fat in 2019-20,” the GCMMF quoted Parmar.
Parmar further claimed that during the shutdown, when private milk companies stopped purchasing from farmers, Gujarat ‘s milk unions procured an additional 35 lakh liters of milk per day, giving the rural milk producers about Rs 800 extra crore.
India continues to be the world’s largest milk producer and is likely to maintain its leading position with an annual growth rate of 5.5 percent over the past three to four years as compared to 2 percent global growth, said GCMMF Vice President Jethabhai Bharwad.
GCMMF Managing Director RS Sodhi said the Rs 15,000 crore dairy infrastructure fund announced by Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for the establishment of the supply chain and dairy plants would help Indian dairy industry develop about 4 to 5 liters of extra capacity.
“These five extra crore liters of milk obtained and processed by the organized dairy industry will provide some 30 lakh people in rural India with a livelihood.
It is the need of the hour when hundreds of thousands of people have emigrated from urban centers back to their villages, “he was quoted as saying in the interview.
The board members also expressed their “heartfelt gratitude” to India’s government for taking a firm stand during the country’s Regional Comprehensive Economic Partnership (RCEP) talks that will benefit 10 crore dairy farmers, it said.