• About
  • Contact
Friday, January 22, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home FMCG

Amul Records Total Turnover Of Rs 52,000 Crores : GCMMF

Pritish raj by Pritish raj
July 20, 2020
in FMCG, News
2 min read
0
amul-dairy- brand-turnover-logo-next-big-brand

amul-logo-next-big-brand-source-wikipedia

Share on FacebookShare on Twitter
  • 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.

Amul- Next Big Brand
Amul Products.
Source:- rediff.com

“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.

Previous Post

Following TikTok Ban, Here Are Alternative Apps Of TikTok In India

Next Post

Learn Innovative Courses From Experts On Online Ed-tech Platform Mento

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
News

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal
News

SEBI Approved Much Talked Future Group-Reliance Industries Deal

January 21, 2021
Tata Group is All Set to Acquire 60% stake in BigBasket
News

Tata Group is All Set to Acquire 60% stake in BigBasket

January 20, 2021
Chinese Billionaire Jack Ma Suspected Missing after Condemning the Chinese Government.
News

Alibaba Share Surges after Jack Ma’s Resurfacing Video

January 20, 2021
Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change
News

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

January 19, 2021
Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round
News

Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

January 19, 2021
Next Post

Learn Innovative Courses From Experts On Online Ed-tech Platform Mento

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

No WhatsApp Ads for Now – Facebook. A Sigh of Relief for Users!

No WhatsApp Ads for Now – A Sigh of Relief for Users!

1 year ago
Air India Loss- Next Big Brand

120 Air India Pilots Resign Amid Growing Salary Issues

1 year ago
IRCTC IPO- Next Big Brand

IRCTC To Open It’s Initial Public Offering (IPO) On 30th September

1 year ago
Akshay Agarwal Tim Draper- Next Big Brand

Blockchained- Akshay Aggarwal In Conversation With Tim Draper

8 months ago

FOLLOW US

  • 22.4k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
  • SEBI Approved Much Talked Future Group-Reliance Industries Deal
  • Tata Group is All Set to Acquire 60% stake in BigBasket

Instagram

Follow Me!

Latest News

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal

SEBI Approved Much Talked Future Group-Reliance Industries Deal

January 21, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.