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Feb, 21 2015

Amul to invest Rs 5,000 crore for setting up processing units in next three years

The group is planning to set up 5 plants in Gujarat and the remaining five will be set up in Faridabad, Kanpur, Lucknow, Varanasi and Kolkata.

Dairy major Amul is planning to invest Rs 5,000 crore over the next three years to ramp up milk production and new processing units.

"We will require Rs 5,000 crore to build new processing units, ramping up our existing facilities and entering new markets," said R S Sodhi, MD, Amul.

The company will be setting up 10 new milk processing plants across the country and upgrade existing plants which would translate into enhanced processing capacity of 320 lakh litres from 230 lakh litres.

"The new investments will help attaining Rs 50,000 crore turnovers in 2-3 years from Rs 18,000 crore as on March 2014," Sodhi added.

The group is planning to set up 5 plants in Gujarat and the remaining five will be set up in Faridabad, Kanpur, Lucknow, Varanasi and Kolkata.

GCMMF presently owns 51 plants in the country, of these, 41 are located in Gujarat.

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