Vadodara: In the 75th anniversary, Amul Group’s annual turnover, including the members of its members, has crossed Rs 53,000 Crore ($ 7.1 billion).
Despite the negative impact of the covid-19 induced pandemic and the country’s impact on the commodity market of milk, the marketing federation of Gujarat Cooperative Milk (Federation Amul) has registered a turnover of RS 39,248 Crore in the financial year 2020-21.
The results of the peak body of the Gujarat milk cooperative were stated on Tuesday during the 47th Annual General Meeting of GCMMF.
The Federation has posted a turnover of RS 38,542 Crore in the previous financial year.
The largest cooperative in this country is now aiming to double the turnover of his group to Rs 1 Lakh Crore in 2025.
It has climbed a global ranking by emerging as the eighth biggest milk processor in the world by 2020 from the 18th position that he pocketed 2012 in international agriculture compare Network (IFCN), Global Milk Research Network.
Procurement of milk from all GCMMF member unions has registered 14% growth in 2021 during the previous year.
This cooperative handles 40 latric liters of milk per day extra during a pandemic.
While the consumer package business grew by 8.1%, the commodity of bulk milk and sales of restaurants and hotels decreased by 2020-21 because Covid-19.
“Because consumption outside the house, restaurants, cafes, and catering segments are significantly influenced during pandemic, we focus our attention on improving our home consumption.
Impressive growth in the sale of our consumer products in the household segment, helping us overcome the impact on Requests from institutional segments, “said GCMMF Managing Director, Sodhi Hospital.
“Although there are restrictions on movements and challenges imposed by pandemics, our consumers have access to their favorite products,” said Chair of the Federation, Patel Shamal.
“Our goal is to become the largest dairy organization in the world.
This will be an award that is in accordance with the legendary Heritage of Kurien Dr.
Verghese, which blends its birth coincides with the 75th anniversary of the Amul Cooperative Movement,” said Deputy Chairperson of Valamji Humbar.