GCMMF's sales turnover increased 3.5 times, from Rs 8,005 cr in 2009-10 to Rs 27,043 cr in 2016-17
Farmers supplying milk to Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) have witnessed four-fold increase in their income over the last seven years, claims the company which markets the popular Amul brand of milk and dairy products.While farmers' per litre milk realisation has doubled to Rs 49 a litre (Rs 680 per kg of fat) in the financial year 2016-17 from Rs 24.30 a litre ( Rs 337 per kg of fat) in 2009-10, overall milk procurement of the cooperative has also doubled during this period to 17.65 million litres per day from 9.09 million litres per day."This effectively shows an increase of four fold in dairy farmers' income over the last seven years which demonstrates the efficacy of Amul model in exceeding our national goal of doubling farmer's income in six years," said R S Sodhi, Managing Director, GCMMF.During this period, turnover of GCMMF has registered quantum growth of 238 per cent which implies an impressive cumulative average growth rate (CAGR) of 19 per cent ...
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The turnover of GCMMF has increased by about 3.5 times in the last seven years
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