INDIA - India’s largest cooperative dairy producer will set up ten milk processing centres in the country in the next fiscal year.
Speaking at the India Food Forum 2015, Amul’s managing director, R S Sodhi said that the cooperative will be setting up 10 milk processing centres with an investment of $807 million in the next fiscal.
Amul will set up three plants in Gujarat and Uttar Pradesh, two plants in Delhi, and one each in Maharashtra and Kolkata.
The plan is part of Amul’s target to achieve $10 billion of revenue by 2020. Adding further, Mr Sodhi said that Amul is on track to achieving annual revenues of $3.22 billion this year.
Even as increasing milk productivity, improving cattle breeds and feeding practices in the country represent challenges for Amul, still the next generation of rural farmers should remain in the animal husbandry business, Mr Sodhi said.
He added: "Using the best ingredient at a fair price, we have been to ensure remuneration prices for our 3.5 million members and value for money for the consumer."
Mr Sodhi also said that they cannot spend more than 1 per cent on advertisement, as compared to 8 to 15 per cent spend by food companies.
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