Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Dairy major Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), which markets Amul brand of food products, has lined up fresh investments to ramp up capacities in major markets including Kolkata and Andhra Pradesh besides its strong-hold Gujarat.
The Federation is set to invest over ₹1,200 crore towards additional milk processing and value-addition capacities in these regions in the next two years.
Of the said investments, GCMMF will invest about ₹250 crore for processing facility in Kolkata with a capacity of 10 lakh litres per day (LLPD), while it has planned about ₹450-500 crore investments for milk processing facility in Rajkot in Saurashtra. In North Gujarat, it is setting up additional dairy products’ processing capacities with an investments of ₹600 crore. RS Sodhi, MD, GCMMF, said that new investments will come up in Rajkot and Banaskantha in Gujarat and Kolkata to augment additional milk processing capacities as the demand is growing for the packaged branded dairy products.
“Even during the Covid-19 lockdown, we have witnessed growth in dairy products consumption. However, there is an adverse impact on HoReCa segment, where the demand is down by about 30 per cent. But overall consumer demand in most markets has recovered,” he said.
Amul had earlier announced its plans to invest about approx ₹1,500 crore over the next two years.
Valamji Humbal, Vice-Chairman of GCMMF and Chairman of Sarhad Dairy, said that capacity addition in Rajkot will be a big push for the region’s dairy farmers, who have to transport the milk to Gandhinagar for processing.
“The Saurashtra region produces milk to the tune of about 35 lakh litres per day, of which about 10-12 LLPD or so gets processed at the local processing centres, whereas a large quantity of about 20-25 LLPD has to be transported to Gandhinagar’s Mother Dairy for further processing. This involves transport costs as well as wastage, additionally due to 12-hour travel, the milk quality also gets impacted,” said Humbal. “This will mean improved margins for the dairy farmers,” he added.
“In order to overcome these challenges, we are setting a processing facility in the centre of Saurashtra region. In the next few months, that will be finalised,” he said.
Amul is also aggressively expanding its presence in Eastern markets, including Kolkata, North-East and Andhra Pradesh. Andhra Pradesh has milk production almost similar to Gujarat and the State government has also extended its support to Amul for developing “Amul-model” of cooperative dairying in the State.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
Here is a checklist that equips you to discern the market nuances
Sensex, Nifty 50 have witnessed sharp decline
The fund has consistently outperformed S&P BSE 100 TRI over one, three and five years
Returns are superior to immediate annuity plans, but SCSS can secure better rates for new investors sooner if ...
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
Creator of the world’s biggest art canvas hopes to help children in poorer countries
A book on Badri Narayan is a tribute — albeit a belated one — to an artist who did not enjoy the recognition ...
The country hasn’t had a quiet moment since the military seized power on February 1
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor