Amul consolidated turnover crosses INR 52,000 cr during 2019-20 FY

ANAND, GUJARAT: 19 July 2020: India’s largest milk co-operative, Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) and its constituent member unions which markets the Amul brand of milk and dairy products has registered a consolidate turnover of INR 52,000 crore during the fiscal year ended 31 March 2020 (April 2019-March 2020).

The company’s sale turnover during the period also posted a 17 percent increase at INR 38,542 crore and it ooking to achieve a group business turnover of INR 100,000 crore and by 2024-25.

Amul was ranked 18th largest dairy organization of the world in the year 2011 and now risen to 9^th largest dairy organization and targeting to enter top 3 dairy organization in the coming years.

While declaring the results on 18 July 2020 at the 46th Annual General Meeting, GCMMF chairman Ramsinhbhai P Parmar informed that during the last ten years, our milk procurement has witnessed a phenomenal increase of 138 percent from 90.93 Lakhs Liters Per Day (LLPD) in the year 2009-10 to 215.96 LLPD in the year 2019-20. This enormous growth was a result of the high milk procurement price paid to our farmer-members which has increased by 127 percent from Rs. 337 per Kg fat in the year 2009-10 to Rs. 765 per Kg fat in the year 2019-20.

He further added that during this global pandemic, Amul cooperatives have converted the crisis into an opportunity. In the lockdown period, milk unions of Gujarat procured an additional 35 lakh litres of milk per day, which means, we have given around INR 800 crore extra to the rural milk producers.

During the lockdown, when many industries were completely shut and generated no business, our milk producer members, village dairy co-operative societies, milk union and GCMMF team remained steadfast in our operations even in these tumultuous times.

Jethabhai Bharwad, Vice Chairman, GCMMF said that for the last 21 years, India continues to be the largest producer of milk in the world and is likely to retain its prime position with an annual growth rate of 5.5 percent during the last three to four years as against global milk production, which is growing at 2.0 percent.

India contributes almost 50 percent of the global growth in milk production. The monetary value of milk produced in India is around INR 800,000 crore which is more than which is more than the total value of all pulses and grain put together. As a nation, we are now completely ‘Átma-nirbhar’ or self-sufficient in the dairy sector, since our dairy farmers produce enough milk to fulfill 100 percent of the country’s demand for milk and dairy products.

Dr R S Sodhi, Managing Director, GCMMF, emphasised that the Prime Minister & Finance Minister has made extremely important announcement of INR 15,000 crore dairy infrastructure fund for the establishment of supply chain and dairy plants for enhancing the dairy and milk processing capacity.

With this fund, Indian Dairy industry we can build around 4 to 5 crore litres of extra capacity. Extra capacity in the organised dairy sector automatically means more jobs, livelihood for more people, especially in rural India. These extra five crore litres of milk collected and processed by the organised dairy industry will provide livelihood to approximately 30 lakh people in rural India. This is really the need of the hour, when hundreds of thousands of people have migrated back to their villages from urban centres, Sodhi added.

After Annual General Meeting, on behalf of 36 lakhs milk producer members of Gujarat, Ramsinh Parmar and Jethabhai Bharwad hailed to the government for taking a firm stand during Regional Comprehensive Economic Partnership (RCEP) negotiations and taking a decision which will benefit 10 crore dairy farmers of our country.

The dairy industry of the country will always remain grateful to the government for protecting its interest and not surrendering to the demand of dairy surplus countries like New Zealand and Australia, Amul statement said.