Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) is likely to invest Rs 2,500 crore in Uttar Pradesh over the next few years. The GCMMF is marketing its dairy products under the brand name Amul. GCMMF chairman Dr RS Sodhi on Monday 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 that Amul will invest Rs 1,000 crore to set up milk processing plants, and another Rs 500 crore on edible oil processing plant over next two years. 12-15% growth in revenue in current fiscal year from Rs 38,550 crore during the last fiscal year despite COVID-19 pandemic, as demand for branded food products has increased was expected.
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