Amul aims for Rs 50,000 cr turnover by 2020

Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under Amul brand, is aiming to achieve Rs 50,000 crore turnover and expand the current capacity to touch 320 lakh litres per day capacity in the next five years. As a part of this strategy, the company, which is eyeing a Rs 22,000 crore turnover in FY15, plans to invest about Rs 5000 crore to boost production by setting up ten new processing plants.
 
“We plan to touch a Rs 50,000 crore turnover by 2020. We are investing around Rs 5,000 crore in setting up ten new plants as well as expand capacity at our existing plants. Our current processing capacity is around 230 lakh litres per day (llpd), we aim to take it up to 320 llpd by 2020,” said RS Sodhi, managing director, GCMMF.
 
Of the new plants planned, that would come up within the next two to three years, two would be in Delhi, three in Uttar Pradesh, one each in Kolkata and Maharashtra and the rest in Gujarat. GCMMF at present has over 50 processing plants across the country.
 
FOR COMPLETE REPORT READ: Amul plans to invest Rs 5,000 cr to set up 10 plants