Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), which markets the popular Amul brand of milk and dairy products, has registered a turnover of Rs 38,542 crore for the financial year 2019-20.
According to an official spokesperson, the sales turnover of GCMMF is 17 per cent higher than the previous financial year. GCMMF aims to achieve a group business turnover of Rs 1 lakh crore and by 2024-25.
Amul, which was ranked the 18th largest dairy organisation in the world in 2011, is now in the ninth position and has set the target of breaking into the top three bracket.
Chairman of the GCMMF, Ramsinh Parmar, who presided over the 46th annual general meeting of GCMMF on Saturday, said the sales turnover had increased by almost five times from Rs 8,005 crore in 2009-10 to Rs 38,542 crore in 2019-20.
He said the milk procurement had seen an increase of 138 per cent from 90.93 lakh litre per day in 2009-10 to 215.96 litre per day in 2019-20.
He attributed the growth to high milk procurement price given to the farmers. In 2009, he said, the farmers were paid Rs 337 per kg fat whereas in 2019-20 they were paid Rs 765 per kg fat.
The GCMMF chairman further said Amul converted global pandemic of COVID-19 into opportunity and procured additional 35 litres of milk per day.
Vice chairman Jethabhai Bharwad pointed out that India now is self-sufficient in the dairy sector as our farmers produce enough milk to meet 100 per cent of the country’s demand for milk and dairy products.
Dr. R.S. Sodhi, managing director, GCMMF, said the Rs 15,000 crore dairy infrastructure fund announced by the Centre will help the dairy industry to build around 4 to 5 crore litres of extra capacity.