Amul to invest Rs 2,500 crore in Uttar Pradesh
16 November 2020
Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) which markets dairy products under the brand name Amul is likely to invest Rs 2,500 crore in Uttar Pradesh over the next few years.
Speaking at an industry event, GCMMF chairman Dr RS Sodhi said the organised milk production in the state should reach 300 million litres in the next years as compared to 110 million litres.
“Amul is planning to invest Rs 2,500 crore in UP. The organised milk sector can create 6 lakh jobs in the coming years if production capacity can be increased from 2 million litres to 10 million litres per day and productivity can be increased through better breeding facilities,” Dr Sodhi said at ‘UP-US Services E-Summit; Handholding of UP and US: A win-win Paradigm organised by the Indo-American Chamber of Commerce, North India Council.
Bhuvnesh Kumar, principal secretary (dairy development), Uttar Pradesh, said the state was already working on a breeding improvement programme.
Sodhi earlier told news agency PTI that will invest around Rs 1,000 crore over the next two years to set up milk processing plants, and another Rs 500 crore on facilities for new products like edible oil.
He added that Amul expects 12-15% growth in revenue in the current fiscal year from Rs 38,550 crore during the last fiscal year despite the COVID-19 pandemic, as demand for branded food products has increased.