Published On:February 22 2024
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GCMMF Announces ₹11,500 Crore Investment for Expansion Across Six States, Says MD

GCMMF Announces ₹11,500 Crore Investment for Expansion Across Six States, Says MD

GCMMF, the apex body of milk cooperatives known for the iconic brand Amul, is set to embark on a significant expansion journey with a whopping investment of ₹11,500 crore over the next three years. The investment will primarily focus on establishing milk processing and ice-cream manufacturing plants across six states: Goa, Maharashtra, Madhya Pradesh, Haryana, Uttar Pradesh, and West Bengal.

Speaking about the ambitious investment plan, Jayen Mehta, the Managing Director of GCMMF, highlighted that the majority of the investments would be directed towards enhancing milk processing capabilities. He emphasized that while Gujarat would remain a key focus area, efforts would be made to establish modern dairy plants in various states.

Mehta revealed these plans during his visit to the Narendra Modi stadium in Ahmedabad, where he was overseeing preparations for GCMMF's Golden Jubilee celebrations. The event is expected to witness participation from over 1.25 lakh milk-producing farmers from across the state.

Elaborating further, Mehta outlined the strategic areas of future investment, including the installation of bulk milk coolers in villages, implementation of ultra-modern processing techniques in dairy plants, and exploration of new product development opportunities.

When asked about the specific regions targeted for investment, Mehta mentioned several ongoing projects. These include the establishment of dairy plants by Banas Dairy in Varanasi, to be inaugurated by Prime Minister Narendra Modi, and by Sabar Dairy in Rohtak, Haryana. Additionally, Panchmahal Dairy is setting up a milk processing plant in Ujjain, Bharuch Dairy is establishing a plant in Mumbai, and the Surat dairy is venturing into Goa. Furthermore, Amul ice-cream plants are being erected in Pune and Kolkata.

GCMMF, comprising 18 district milk unions, is anticipated to surpass a turnover of ₹80,000 crore in the current financial year. With its inception dating back to 1973-74, the federation collects an average of 300 lakh litres of milk daily from over 36 lakh members. Notably, in the fiscal year 2022-23, GCMMF reported a turnover of ₹72,000 crore, witnessing remarkable growth across various product categories, including Amul fresh milk, ice creams, milk-based beverages, and butter.

Mehta expressed pride in GCMMF's status as the world's largest dairy cooperative, owned by farmers. Looking ahead, he underscored India's increasing significance in global milk production and Amul's potential to emerge as a major player on the international dairy stage in the coming decade.

HBL





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