The Gujarat Co-operative Milk Marketing Federation (GCMMF), which retails its products under the Amul brand, has plans to expand its presence in the country, according to PTI. The dairy products manufacturer is expected to invest nearly Rs. 3,000 crore in setting up infrastructure and new facilities in the country.
GCMMF has plans to enter new states – Bihar, Jharkand, Odisha, Kerala, and North-East – to expand its presence in the country and is setting up new plants in UP, Maharashtra, Gujarat and West Bengal. The co-operative also has plans to increase the production capacity in its existing plants. Speaking to PTI about adding new facilities, R. S. Sodhi, Managing Director of GCMMF said, “In dairy sector, if you have to grow then you have to increase milk handling capacity. We are increasing our milk processing capacity to 320 lakh litre per day from the current 280 lakh litre per day. We target to increase this capacity to 360 lakh litres per day by 2020.”
Investment in Expansion
GCMMF reached a turnover of Rs. 23,005 crore in 2015-16 and is expected to reach Rs. 50,000 crore by 2020. The co-operative has also been investing to increase its presence in the country and to expand its operations to several parts of the country. “We are investing Rs 600-800 crore every year. We will invest about Rs 3,000 crore by 2020 on expansion. We are entering Assam market through third party manufacturing. We have plans to enter Bihar, Jharkhand, Odisha and Kerala markets soon,” added Sodhi.