News Snippets

Gujarat Cooperative Milk Marketing Federation to Invest Rs. 1,500 Cr. in 2 Years

Indian dairy cooperative society, Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) that markets dairy products under the Amul brand has planned to invest Rs 1,000 crore over the next two years for setting up milk processing plants.

With the new facilities the processing capacity shall be increased to 420 lakh litres per day from the current 380 lakh litres per day.

GCMMF also plans to invest another Rs 500 Cr. for establishing facilities for new products like edible oil, which it shall be marketing under new brand ‘Janmay’.

As reported in PTI dated 6th September 2020, GCMMF’s MD, R S Sodhi said “Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) expects 12-15 per cent growth in revenue in the current fiscal year from Rs 38,550 crore during the last fiscal year despite COVID-19 pandemic, as demand for branded food products has increased”.