Amul becomes first Indian dairy company to be in Rabobank’s Global Dairy Top 20 list

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In a first, Amul has become the only Indian diary brand to make into the global top 20 list of Rabobank. The list released by the Dutch multinational banking company has placed Amul, also known as the Gujarat Cooperative Milk Marketing Federation (GCMMF), in the 16th position with an annual turnover of $5.5 billion (Rs 38,500 crore).

The list has ranked Nestle at the top with an annual turnover of $22.1 billion. Moreover, Dairy Farmers of America jumped 3 positions in the list to secure the 3rd rank with an annual turnover of $20.1 billion.

Expressing delight over this news, the official Twitter handle of Amul wrote, “GCMMF (Amul) enters the Rabobank’s Global Top 20 Dairy Companies list for the first time at No.16. This is a matter of pride for 36 lac milk producers of Gujarat.”

Reacting to a congratulatory tweet by the Gujarat Chief Minister Vijay Rupani, the Managing Director of Amul R S Sodhi wrote, “For all this tremendous growth, credit also goes to Government of Gujarat, CMO and Vijay Rupani for supporting 36 lacs farmers during difficult times by giving timely export incentives and Infrastructure funding.”

Earlier this week, speaking at an online dialogue organized by All India Management Association (AIMA), RS Sodhi said that the dairy sector can give a significant boost to the employment generation in the country. This sector would alone create 1.2 crore new jobs over the next 10 years. Sodhi added saying that India produces 21 per cent of the milk in the world and India’s milk market was growing at 5 per cent, compared to the 1.8 per cent growth in the global milk market. 

In fact, during the nationwide lockdown at the outbreak of Chinese coronavirus, Amul pumped in Rs 8,000 crore back into rural economy. When the government announced lockdown, Amul communicated with all the stakeholders. They managed to keep the supply chain up and running as the Ministry of Home Affairs and local administrations helped them in every possible way. There were some hiccups in the process that were dealt with by Amul and administration.

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