GCMMF, which marketplaces dairy merchandise less than the Amul manufacturer, will commit about Rs 1,000 crore more than the following two decades to set up milk processing plants, and yet another Rs 500 crore on facilities for new merchandise like edible oil, its MD R S Sodhi stated.
In an job interview with PTI, Sodhi stated the Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) expects twelve-fifteen per cent development in income in present fiscal year from Rs 38,550 crore during the previous fiscal year despite COVID-19 pandemic, as demand from customers for branded food items merchandise has increased.
“We will commit about Rs 1,000 crore in the following two decades on placing up dairy plants across various states,” Sodhi advised PTI.
He stated the processing capacity would increase to 420 lakh litres per working day from the present 380 lakh litres per working day.
On new firms, Sodhi stated the cooperative has started off production sweets as perfectly as bakery products applying dairy fats.
Moreover, he stated, GCMMF has forayed into edible oil and potato processing segments as aspect of its objective to enhance money of farmers from Gujarat and other states.
The edible oils will be promoted less than the new manufacturer ‘Janmay’ It will create groundnut oil, cottonseed oil, sunflower oil, mustard oil and soybean oil.
“We already have number of plants for edible oil, bakery and potato processing. We will commit Rs four hundred-500 crore on placing up a lot more plants in these new business parts more than the following two decades,” Sodhi stated.
Requested about product sales during the pandemic, he stated product sales of its dairy merchandise like milk, butter milk, paneer and ghee had been fifteen per cent increased during April-August as in comparison with the year-ago period of time, driven by rising home intake of branded food items merchandise.
Nonetheless, he stated, ice product product sales declined by thirty-forty per cent owing to closure of motels, eating places and canteens because of lockdown.
“Marriage ceremonies contribute a whole lot to ice product product sales. This has been affected poorly this year,” he stated.
Sodhi observed that home intake of milk and other dairy merchandise has risen, compensating loss of product sales triggered by closure of motels, eating places and cafeterias (HoReCA segment) during the lockdown period of time.
Amul sells one hundred forty lakh litres of contemporary milk per working day, generally in Gujarat, Delhi-NCR and Uttar Pradesh. Its dairy merchandise are marketed across the state.