Amul eyes to garner business turnover of Rs 50,000 crore by 2021
Amul eyes to garner business turnover of Rs 50,000 crore by 2021

The Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk and milk products under the Amul brand, is eyeing to garner a business turnover of Rs 50,000 crore by 2020-21.

Amul is aiming to establish itself as the largest dairy organisation in the world. Currently, it is the ninth-largest dairy organisation globally.

The GCMMF has posted a sales turnover of Rs 33,150 crore for the financial year 2018-19, which is 13% higher than the previous financial year.

Ramsinh Parmar, Chairman of GCMMF, said, “In the past nine years, milk procurement by GCMMF member milk cooperatives witnessed an increase of 153 per cent. This enormous growth was a result of the high milk procurement price paid to our farmer-members which has increased by 105 per cent in this period.”

“The time was ripe for the second white revolution given that the demand for milk in India is seen going up to 65 crore litres per day in 2050-51 from the current level of 48 crore litres per day, given urbanisation and population growth estimates. This means that India's milk production needs to grow at around 3.2 per cent CAGR (compound annual growth rate) for the next 40 years. This can be possible only when dairy farmers are given stable and remunerative prices through proper market linkage,” he added.

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