Aiming at sky GCMMF the giant dairy cooperative and owner of Amul brand has pledged to take its conglomerate to Rs 30,000 crore by 2020.
In a press conference in Hyderabad R S Sodhi, Managing Director, GCMMF said that nine new plants will be set up in the next four years at a cost of Rs 3,000 crore. He was overseeing the launch of Amul Pro, a protein-rich beverage in Andhra Pradesh market.
R S Sodhi said the dairy products maker has plans to touch Rs 30,000 crore turnover by 2020. “In the next four years, we are investing around Rs 3,000 crore in setting up nine new plants and the capacity of the existing 40 plants will be increased,”
“We have 14.5 million liters per day capacity and it will reach to 18 million liters per day after the expansion,” he added. Sodhi said they increased the milk procuring price by almost 50% in the last three years to farmers in order to keep the activity lucrative. He said current generation of farmers is not finding milk business as viable and the situation may lead to depend on imports like other Asian countries.
“So we thought if we do not take up this seriously India will become like other Asian countries such as Pakistan which depend on import of milk. We took a lead and increased price to farmer,” he explained. According to Sodhi, the GCMMF currently pays including bonus Rs 34.40 for buffalo milk and Rs 22.50 for cow milk.
Replying to a query on exports to European Union, Sodhi said, and conditions such as using machines for milking is deterrent for exports. “In India you cannot get milk with milking machine… it is impossible,” he said. He said they expect the Rs 30,000 crore-target by 2020 will be achieved two year earlier.
