1,500 cr in 2 yrs to set up dairy, edible oil, potato processing
GCMMF MD R.S. Sodhi said the firm has forayed into edible oil and potato processing segments as part of its objective to boost income of farmers from Gujarat and other states
GCMMF MD R.S. Sodhi said the firm has forayed into edible oil and potato processing segments as part of its objective to boost income of farmers from Gujarat and other states
Amul to invest ₹1,500 cr in 2 yrs to set up dairy, edible oil, potato processing
2 min read . 03:47 PM IST
PTI
Amul MD R.S. Sodhi expects 12-15% growth in revenue in current fiscal year from ₹38,550 crore during the last fiscal year despite COVID-19 pandemic, as demand for branded food products has increased
NEW DELHI : Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), which markets dairy products under the Amul brand, will invest around ₹1,000 crore over the next two years to set up milk processing plants, and another ₹500 crore on facilities for new products like edible oil, its MD R.S. Sodhi said.
In an interview with PTI, Sodhi said the Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) expects 12-15% growth in revenue in current fiscal year from ₹38,550 crore during the last fiscal year despite COVID-19 pandemic, as demand for branded food products has increased.
"We will invest around ₹1,000 crore in the next two years on setting up dairy plants across various states," Sodhi told PTI.
He said the processing capacity would increase to 420 lakh litres per day from the current 380 lakh litres per day.
On new businesses, Sodhi said the cooperative has started manufacturing sweets as well as bakery items using dairy fats.
Besides, he said, GCMMF has forayed into edible oil and potato processing segments as part of its objective to boost income of farmers from Gujarat and other states.
The edible oils will be marketed under the new brand 'Janmay'. It will produce groundnut oil, cottonseed oil, sunflower oil, mustard oil and soybean oil.
1,500 cr in 2 yrs to set up dairy, edible oil, potato processing GCMMF MD R.S. Sodhi said the firm has forayed into edible oil and potato processing segments as part of its objective to boost income of farmers from Gujarat and other states GCMMF MD R.S. Sodhi said the firm has forayed into edible oil and potato processing segments as part of its objective to boost income of farmers from Gujarat and other states Amul to invest ₹1,500 cr in 2 yrs to set up dairy, edible oil, potato processing 2 min read . 03:47 PM IST PTI Amul MD R.S. Sodhi expects 12-15% growth in revenue in current fiscal year from ₹38,550 crore during the last fiscal year despite COVID-19 pandemic, as demand for branded food products has increased
NEW DELHI : Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), which markets dairy products under the Amul brand, will invest around ₹1,000 crore over the next two years to set up milk processing plants, and another ₹500 crore on facilities for new products like edible oil, its MD R.S. Sodhi said.
In an interview with PTI, Sodhi said the Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) expects 12-15% growth in revenue in current fiscal year from ₹38,550 crore during the last fiscal year despite COVID-19 pandemic, as demand for branded food products has increased.
"We will invest around ₹1,000 crore in the next two years on setting up dairy plants across various states," Sodhi told PTI.
He said the processing capacity would increase to 420 lakh litres per day from the current 380 lakh litres per day.
On new businesses, Sodhi said the cooperative has started manufacturing sweets as well as bakery items using dairy fats.
Besides, he said, GCMMF has forayed into edible oil and potato processing segments as part of its objective to boost income of farmers from Gujarat and other states.
The edible oils will be marketed under the new brand 'Janmay'. It will produce groundnut oil, cottonseed oil, sunflower oil, mustard oil and soybean oil.