GCMMF to invest $607m to increase milk processing capacity
India-based Gujarat Co-operative Milk Marketing Federation (GCMMF), the marketer of the Amul brand of milk and dairy products, plans to invest INR30bn ($607.90m), to boost its milk processing capacity over the next six years.
The co-operative is planning to establish a total of eight new dairies - five in Saurashtra, two in Delhi, and one in Mumbai, and also expand its existing plants.
This project is expected to almost double its processing capacity from the existing 14 million litres per day to 22 million liters per day, reported The Hindu Business Line.
GCMMF plans to finance the project through a combination of loans from National Dairy Development Board and commercial banks.
The co-operative, which currently has a portfolio of 40 products, plans to expand its product range by establishing new lines to produce ice-cream, milk powder, the pro-biotic line of beverages and cheese.
In order to strengthen its backward linkages and enhance milk production, the co-operative is establishing bulk milk coolers, automated collection systems and other equipment in villages.
In addition, it is expanding its retail presence by adding 200 more distribution outlets to reach 3000 small towns this year, and plans to open 1,000 parlours that sell Amul branded products under one roof, and take the total number of its parlours to 7000.
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