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Indian dairy giant Amul to invest ₹1,500 crore over the next 2 years

Gujarat Cooperative Milk Marketing Federation (GCMMF)

Gujarat Cooperative Milk Marketing Federation (GCMMF), owner of the Amul brand, will invest about ₹1,000 crore to set up milk processing plants across various Indian states, and ₹500 crore on facilities for new products like edible oil over the next two years.

In an interview with PTI, GCMMF Managing Director R S Sodhi said it expects 12-15% growth in revenue in current fiscal year despite COVID-19 pandemic, as demand for branded food products has increased.

Mr Sodhi noted that household consumption of milk and other dairy products has increased, compensating loss of sales caused by closure of hotels and restaurants during the lockdown period.

Indian dairy giant Amul sells 140 lakh litres of fresh milk per day, mainly in the states of Gujarat, Delhi-NCR and Uttar Pradesh, while its dairy products are sold across the country.

Editorial Desk at Agrigate.Global

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