GCMMF, which marketplaces dairy products beneath the Amul brand name, will spend all-around Rs 1,000 crore more than the future two a long time to established up milk processing crops, and a different Rs 500 crore on services for new products like edible oil, its MD R S Sodhi stated.
In an job interview with PTI, Sodhi stated the Gujarat Cooperative Milk Marketing and advertising Federation Ltd (GCMMF) expects 12-15 per cent expansion in income in recent fiscal calendar year from Rs 38,550 crore throughout the last fiscal calendar year despite COVID-19 pandemic, as need for branded foods products has elevated.
“We will spend all-around Rs 1,000 crore in the future two a long time on placing up dairy crops across numerous states,” Sodhi told PTI.
He stated the processing potential would enhance to 420 lakh litres per day from the recent 380 lakh litres per day.
On new enterprises, Sodhi stated the cooperative has began producing sweets as very well as bakery things utilizing dairy fat.
Apart from, he stated, GCMMF has forayed into edible oil and potato processing segments as part of its aim to boost income of farmers from Gujarat and other states.
The edible oils will be marketed beneath the new brand name ‘Janmay’ It will develop groundnut oil, cottonseed oil, sunflower oil, mustard oil and soybean oil.
“We already have number of crops for edible oil, bakery and potato processing. We will spend Rs 400-500 crore on placing up a lot more crops in these new business regions more than the future two a long time,” Sodhi stated.
Asked about product sales throughout the pandemic, he stated product sales of its dairy products like milk, butter milk, paneer and ghee have been 15 per cent greater throughout April-August as compared with the calendar year-ago interval, pushed by soaring family intake of branded foods products.
On the other hand, he stated, ice cream product sales declined by 30-40 per cent due to closure of inns, dining places and canteens mainly because of lockdown.
“Marriage ceremonies add a lot to ice cream product sales. This has been affected poorly this calendar year,” he stated.
Sodhi pointed out that family intake of milk and other dairy products has risen, compensating reduction of product sales caused by closure of inns, dining places and cafeterias (HoReCA segment) throughout the lockdown interval.
Amul sells 140 lakh litres of fresh milk per day, mostly in Gujarat, Delhi-NCR and Uttar Pradesh. Its dairy products are sold across the region.