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Business Economy


Amul working on tech to store milk-based sweets, plans to launch organic veggies

New Delhi, July 19 (UNI) Gujarat Cooperative Milk Marketing Federation (GCMMF), India's largest dairy co-operative which sells its products under Amul brand name, on Tuesday said it is working on a technology which can store milk-based sweets and desserts for up to 45 days and beyond.
“In the milk value chain, we have recently introduced several new technologies, which are giving good results. We recently built Asia’s biggest milk powder plant. We are also working on a technology which can store perishable Indian milk-based sweets and desserts for up to 45 days & beyond,” said GCMMF Vice Chairman Valamji Humbal.
The dairy co-operative will also launch organic vegetables and fruits in the market soon.
The co-operative said that it has launched the latest initiative to encourage farmers to adopt organic farming and natural farming.
"Amul is also committed to provide market linkage and technical assistance to such farmers. In addition to this, organic vegetables and fruits will also be launched in the market soon," Amul said.
Following its 48th Annual General Body Meeting on Tuesday, GCMMF Chairman Shamalbhai Patel informed that the cooperative achieved 18.46% growth in turnover in 2021-22, which was even higher than 16% CAGR in turnover over the last 12 years.
Amul has already achieved an annual group turnover of Rs 61,000 crores.
“Over the last 12 years, our milk procurement has increased by a phenomenal 190%. This impressive growth was a result of the high milk procurement price – which has increased by 143% during this 12 year period – paid to our farmer-members,” said the Chairman.
The Chairman further emphasized,“Our expansion plans are based on our milk procurement projections. Generally, every year there is capacity expansion through an investment of approximately Rs 800 crore to Rs 1,000 crore. We are also expanding in fresh products (milk, curd and buttermilk). A new dairy plant, with an investment of Rs 500 crore, will come up in Rajkot. Within two years, large dairy plants will also come up in Baghpat, near Delhi, Varanasi, Rohtak and Kolkata”, he said.
R S Sodhi, Managing Director of GCMMF said that as out-of-home consumption returns to normalcy, restaurants are witnessing higher footfalls, travel and tourism has resumed and so have functions and gatherings.
"The combined impact of all these factors is resulting in high growth across most product categories," he said.
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