Posting a whopping turnover of Rs 46,500 crore for 2021-22, the country’s leading dairy cooperative GCMMF has yet again hit it big. The sales turnover has jumped 18.5 % over the previous financial year.
However, if calculating the cooperative’s turnover with the unduplicated sales of dairy products by its member dairy unions in the mix, the turnover would count as Rs 63,000 crore.
Talking to Indian Cooperative R S Sodhi MD of dairy co-op titan GCMMF said that due to Covid 19 the milk cooperative had registered just 2% growth during 2020-21 when it had recorded Rs 39,248 crore turnover while Amul group’s turnover was Rs 53,000 crore.
A confident MD said the problems posed by the Wuhan virus have been taken care of and Amul is looking up to new areas of expansion. “Federation’s exports have also spiked from Rs 500 crore to Rs 1,450 crore in 2021-22”, TOI quotes Jayen Mehta, senior GCMMF official.
It is worth a special mention that compared to 246.1 lakh kg per day in 2020-21, during 2021-22, milk procurement was recorded at 265.1 lakh kg per day, a jump of 19 lakh kg per day. Amul has an installed processing capacity of 400 lakh litres per day, asserted Sodhi.
Amul today produces 21% of dairy of the global output. Amul has always been active in adopting new technology and its success is partly due to the fact that a strong tech team is actively monitoring the latest development in the field, said Sodhi.
Lauding the Amul model for its farmer-friendly approach, Sodhi said of every rupee that we earn, 80 paise is paid back to farmers. Later, Amit Shah also spoke at length on the success story of Amul.
Attending a mega co-op conference in Bangalore last week, Union Minister Amit Shah praised Amul and said “Today, Amul stands proudly before the cooperative movement in the world. Looking back on this journey that started in 1905, a milk cooperative, called Amul, with a turnover of Rs.60,000 crore is there,” said Shah with a note of satisfaction.