September 27, 2020

Amul to take a position Rs 1,500 crore in 2 years to arrange dairy, edible oil, bakery, potato processing vegetation



New Delhi: GCMMF, which markets dairy merchandise underneath the Amul model, will make investments round Rs 1,000 crore over the following two years to arrange milk processing vegetation, and one other Rs 500 crore on services for brand new merchandise like edible oil, its MD R S Sodhi stated. In an interview with , Sodhi stated the Gujarat Cooperative Milk Advertising and marketing Federation Ltd (GCMMF) expects 12-15 per cent progress in income in present fiscal yr from Rs 38,550 crore over the past fiscal yr regardless of COVID-19 pandemic, as demand for branded meals merchandise has elevated.

“We’ll make investments round Rs 1,000 crore within the subsequent two years on establishing dairy vegetation throughout numerous states,” Sodhi advised .

He stated the processing capability would enhance to 420 lakh litres per day from the present 380 lakh litres per day.

On new companies, Sodhi stated the cooperative has began manufacturing sweets in addition to bakery gadgets utilizing dairy fat.

In addition to, he stated, GCMMF has forayed into edible oil and potato processing segments as a part of its goal to spice up revenue of farmers from Gujarat and different states.

The edible oils shall be marketed underneath the brand new model ‘Janmay’. It’s going to produce groundnut oil, cottonseed oil, sunflower oil, mustard oil and soybean oil.

“We have already got few vegetation for edible oil, bakery and potato processing. We’ll make investments Rs 400-500 crore on establishing extra vegetation in these new enterprise areas over the following two years,” Sodhi stated.

Requested about gross sales through the pandemic, he stated gross sales of its dairy merchandise like milk, butter milk, paneer and ghee had been 15 per cent larger throughout April-August as in contrast with the year-ago interval, pushed by rising family consumption of branded meals merchandise.

Nonetheless, he stated, ice cream gross sales declined by 30-40 per cent resulting from closure of accommodations, eating places and canteens due to lockdown.

“Marriage ceremonies contribute quite a bit to ice cream gross sales. This has been affected badly this yr,” he stated.

Sodhi famous that family consumption of milk and different dairy merchandise has risen, compensating lack of gross sales brought on by closure of accommodations, eating places and cafeterias (HoReCA phase) through the lockdown interval.

Amul sells 140 lakh litres of recent milk per day, primarily in Gujarat, Delhi-NCR and Uttar Pradesh. Its dairy merchandise are bought throughout the nation.