39th AGM GCMMF: Amul is worth $3.2bn

Vipul Bhai Chaudhary has in his first year of Chairmanship taken Amul to new heights by fuelling 20 per cent growth and making it a $3.2bn cooperative.

Addressing the 39th AGM which coincided with Cooperative Congress on Tuesday Vipul bhai said “While Dr. Verghese Kurien had officially passed on the mantle of Amul cooperative movement to the next generation of leaders seven years ago, his benign presence in Anand till last year was a great source of comfort, guidance, courage and inspiration to all of us.

He further added “Since 9th September 2012, when the Milkman of India, took the milky way to heaven, his ideals and values continue to guide us. With renewed zeal we commit ourselves to the betterment of Indian farmers and betterment of the most vulnerable sections of Indian society – causes towards which Dr. Kurien devoted his entire life. We will ensure that the world-class institutions that he had built, continue to progress with the same passion and commitment, with same values of integrity, efficiency and honesty which Dr. Kurien had championed throughout his life.

Total milk procurement by GCMMF member unions during the year 2012-13 averaged 131.03 lakh kilograms (13.10 million kg) per day, representing unprecedented, quantum growth of 20 per cent over 109.25 lakh kilograms ( 10.93 million kg) per day achieved during 2011-12. The highest procurement was recorded during February 2013 at 166.20 lakh kilograms (16.62 million kg) per day.

High remunerative milk procurement price to farmers has helped GCMMF win back farmer’s interest in milk production. Better returns from dairying have obviously motivated farmers to enhancement their investments in increasing milk production.

During the year, sales of Federation registered an impressive growth of 17.72 per cent to reach Rs.13735.15 crores ( Rs.137.35 billion). Last year, our turnover was Rs. 11668.00 crores (Rs. 116.68 billion). This is an extremely impressive growth, especially since this achievement is over and above consistent 20% cumulative average growth rate over the last 5 years.

Exit mobile version