Punjab State Cooperative Milk Producers’ Federation aka Milkfed, is using the last slice of its energy to have a bigger slice of the market share. The total capex plan for the current fiscal year is Rs 100 crore which will be funded through internal accruals, terms loans and financial support from the Central government, reports Tribune News Service.
Milkfed has begun expanding the capacity of milk and allied products units to improve the entire value chain.
Manjit Brar, managing director, Milkfed said ” our current efforts would not only boost the efficiency but also add to the profitability of the cooperative which ultimately will benefit farmers” he said.
Milkfed currently procures around 15 lakh litres of milk per day and retails milk and allied products under the brand name Verka. He said by December, the cooperative plans to procure around 25 lakh litres of milk per day.
The cooperative is increasing the processing capacity of Mohali plant from 5 lakh to 7.5 lakh litres per day. It is also setting up an ice-cream plant at Bathinda with a capacity of 12,000 litres per day. It is also enhancing the capacity of Chandigarh Ultra High Temperature (UHT) processed plant.