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May, 19 2014

Amul on expansion spree

Plans to invest Rs 4000-4500 crore in two years.

Amul which is owned by Gujarat Cooperative Milk Marketing Federation (GCMMF) is planning to invest Rs 4000-4500 crore in next two years for processing higher quantity of milk.

Speaking on the same, R S Sodhi, Managing Director, GCMMF, said, "We are looking to invest around Rs 4000-4500 crore by the end of 2015-16 mainly on setting up new milk processing plants and other dairy products processing units.”

The company has also planned to set up 11 new milk processing plants across the country, including five in Gujarat, three in Uttar Pradesh, two in Haryana and one in Kolkata.
 

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