Temperature 31.05 C New Delhi, IN
Sunday, May 26, 2024
No Image

Amul Quadruples Milk Farmers’ Income in 7 Years

Ahmedabad: Farmers supplying milk to India’s largest dairy cooperative Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) are in an envious position. According to GCMMF, which sells the popular Amul brand of milk and dairy products, the federation has quadrupled the income of its farmers in the past seven years.

 

The GCMMF has clocked a turnover of Rs 27,043 crore in 2016-17, an increase of 17.5% over the previous year. The turnover of GCMMF has registered quantum growth of 238 per cent in last seven years, which means a CAGR of 19 per cent during this period.

 

The federation’s sales turnover increased 3.5 times, from Rs 8,005 crore in 2009-10 to Rs. 27,043 crore in 2016-17. This has been attributed by the federation to the rapid expansion of its procurement, processing and distribution network.

 

“The cooperative will be rapidly expanding milk procurement, increase manufacturing facilities and marketing and distribution network,” GCMMF said in a statement.

 

The GCMMF aims to become the largest FMCG player in the country by achieving a business turnover of Rs 50,000 crore by fiscal 2021.