Amul to invest Rs 5,000 crore in next 2-3 years, to set up 10 more dairy plants

Gujarat Cooperative Milk Marketing Federation (GCMMF),  which owns and manages Amul, is planning to invest over Rs 5,000 crore to expand its procurement as well as processing and manufacturing facilities over the next two to three years, a top official said to PTI.

"We are setting up over 10 new dairy plants across the country in the next two to three years, both within and outside Gujarat, and will invest up to Rs 5,000 crore. We have expanded our procurement network outside Gujarat, in Rajasthan, Haryana, Uttar Pradesh, Maharashtra, West Bengal and lately Punjab,” said RS Sodhi, MD, GCMMF.

The company reported total sales of Rs 20,735 crore in 2014-15, and expects to touch Rs 25,000 crore this fiscal, driven by increased prosperity, more branded and packaged products, and higher consumption across product categories.

"With more income being spent, we are expecting sales of Rs 25,000 crore next year. By 2020, we are targeting a turnover of Rs 50,000 crore," added Sodhi.

The company is also targeting at more than 20 per cent growth of its segments including cream, beverages and tetra-pack milk.

The company is also innovating on more premium products in ice-creams and cheeses and is setting up Rs 600 crore cheese manufacturing factory that will be operational soon.