The Gujarat Cooperative Milk Marketing Federation GCMMF is all set to expand its operations in several districts of hilly states of Assam, reports the daily Telegraph.
The move is aimed at supporting indigenous dairy farmers, says R S Sodhi, MD of GCCMF. The districts chosen to start with are to Darrang, Morigaon and Nagaon in Assam.
It bears recall that the dairy major registered a provisional turnover of Rs. 29,220 Crores for the financial year 2017-18 which ended on 31st March 2018. Its Branded consumer products have registered a growth of 14% over previous year with products such as Cheese, Butter, Milk Beverages, Paneer, Cream, Buttermilk and Dahi having grown at 20-40%.
The provisional unduplicated group turnover of Amul brand has crossed Rs. 41,000 Crores which is 10% higher than last year.
Amul Federation has been achieving a Compound Annual Growth Rate of more than 18% since last 8 years because of higher milk procurement, continuous expansion in terms of adding new markets, launching of new products and adding new milk processing capacities across India, said Sodhi.