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| GCMMF aims Rs 27000 crore turnover for Guj dairies by 2020 |
| BS Reporter / Mumbai/ Ahmedabad Jun 08, 2009, 00:20 IST |
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Buoyed by its persistent growth, Gujarat Co-operative Milk Marketing Federation (GCMMF), which owns and markets Asia's largest milk brand-Amul, has now set the target of taking the cumulative turnover of all its 13 member dairy co-operatives to Rs. 27,000 crore by the year 2020.
GCMMF has chalked out a mission 2020, as part of which it aims to increase the turnover of all the dairy co-operatives in Gujarat to Rs. 27,000 crore by the year 2020.
Currently, the unduplicated turnover of its member dairies is estimated to be appoximately Rs. 10,000 crore.
"The mission 2020 is backed by relevant strategies in co-operative working, increasing productivity of milk cattle, higher processing infrastructure to handle peak milk procurement of 195 lakh litres per day. A special emphasis will also be given to capture liquid milk market of major metro cities", said an official statement released after the annual general meeting (AGM) of GCMMF today.
On standalone basis, the sales turnover of GCMMF has surged by 27.7 per cent to touch a record level of Rs. 6,711.31 crore in 2008-09 as compared to Rs. 5,255.41 crore in 2007-08.
The previous fiscal the apex marketing body had seen a growth 22.9 per cent.
Despite the unfavourable conditions in international dairy market, federation's exports increased to Rs. 133 crore in 2008-09 as against Rs. 125 crore in last fiscal. However, GCMMF could not export milk powder in bulk packing in larger quantity due to fall in world market prices by nearly 50 per cent as compared to previous year.
Meanwhile, total milk procurement by member unions during the year 2008-09 averaged 87.19 lakh kgs per day.
The average daily procurement in 2007-08 stood at 75.90 lakh kgs.
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