New age dairy firms in India are promising the discerning Indian consumer not just high-quality milk, but also an array of value-added products. Except for Amul and Mother Dairy, India’s traditional milk co-operatives, however, are trying to keep pace, not very successful though. Milky Moo an app-based retailer owned by dairy start-up Milk Mantra has […]
Increased pressure from energy, logistics and packaging costs are likely to drive milk prices in India further north in the months ahead, feels the managing director of Amul, R.S. Sodhi. “Prices will be firm, I can’t say by how much. They can’t go down from here, can only go up,” Amul MD RS Sodhi told […]
Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells dairy products under the Amul brand, is expecting significant growth in its turnover this fiscal year as the demand for all products, like butter, ice cream, milk, has improved. During FY21, GCMMF had posted a marginal growth of 2 per cent to Rs 39,200 crore despite the COVID-19 […]
Dairy giant Amul has announced setting of their largest state-of-the-art plant in Telangana with an investment of Rs 500 crore in two phases. The plant will come up in a special food processing zone with an investment of about Rs 300 crore in first phase and Rs 200 crore in second phase. It will provide […]
Mumbai-based biscuits major Parle Products expects 20-25 per cent growth in exports on the back of the government’s production-linked incentive (PLI) scheme in the food processing sector, for which it has received approval. The company, which exports its products to over 100 countries globally, feels that the PLI scheme will help it in becoming cost […]
Amul’s managing director RS Sodhi lashed back at PETA (People for the Ethical Treatment of Animals) India over the demand to switch to ‘vegan milk’ from dairy products. In a recent tweet directed at PETA India, RS Sodhi raised the question over people’s affordability and willingness to consume synthetic food made from chemicals in laboratories. […]
Flavoured milk will now attract 12 percent GST, the Gujarat Authority for Advance Ruling (AAR) said. Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), which markets dairy product under Amul brand, had approached the AAR on the taxability under the Goods and Services Tax (GST) of flavoured milk which the company sells under trade name Amul […]
The Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), which markets dairy products under the brand Amul, expects a 12-15 per cent growth in revenue in the current fiscal year over the previous year despite the COVID-19 pandemic and operational hurdles after a nationwide lockdown, The optimism stems from the growing household demand for branded food […]
The Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), owner of the famed Amul brand in India, has plans to invest around Rs 1,000 crore over the next two years to set up milk processing plants. Another Rs 500 crore will be invested on facilities for new products like edible oil, Managing Dierctor R S Sodhi […]
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 […]
