Pride of Indian cooperative movement Amul has beaten all previous records and registered a growth of 32 percent – the highest growth ever since it came into existence in the current fiscal.
The factors mainly responsible for this gargantuan growth are a substantial spike in exports and access to new markets.
Talking to Indian Cooperative R.S. Sodhi M.D. of the Gujarat cooperative milk marketing federation that sells Amul said the popular brand had had a turnover of Rs. 18 thousand crore transforming the GCMMF into one of the leading cooperative societies of the world.
According to an estimate, Amul is likely to net in a turnover of about Rs. 26 thousand crore in the next days. Mr. Sodhi claimed the GCMMF had earned a whopping Rs. 525 crore through exports this fiscal as opposed to a mere Rs. 140 crore in the last financial year.
Amul contributes an impressive 45 percent share in the GCMMF’s annual earnings. The GCMMF M.D R.S.Sodhi informed the annual general meeting of the company would soon be held in Anand to make its earnings public.