Comments
Gujarat Co-operative Milk Marketing Federation Ltd (GCMMFL) has planned Rs 5,000 crore investment for expansion of its own milk processing capacities in the next two to three years.
The makers of Amul brand dairy products will establish 10 new processing units in different regions of the country, said Managing Director R S Sodhi here on the sidelines of 43rd Dairy Industry Conference.
Anand-headquartered GCMMFL is setting up plants in Kolkata, Varansi, Lucknow, Kanpur and Faridabad, apart from five new units in Gujarat.
“The 10 lakh litre per day plant near Kolkata would come up in the next 15 months at a cost of Rs 250 crore. We have already established milk collection net work in the State. We are also bringing in fresh milk from Bihar to feed the three third-party plants in West Bengal,” Sodhi said. These three plants process a total of 7.25 lakh litres a day.
GCMMFL has planned to increase its own processing capacity from 230 lakh litres to 320 lakh litres. Currently it runs 51 processing plants.
He pointed out that Amul has just entered the southern market through an outsourced processing plant in Hyderabad.
In tune with global milk price crash this fiscal, the milk prices in the country remained depressed. “We had our last price hike in May last year. This year prices may rise by around 5 per cent in tandem with inflation,” Sodhi added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.