Retail in Asia

In Sectors

India’s Amul plans to achieve USD5.73b turnover by 2018

Asia’s largest dairy Gujarat Cooperative Milk Marketing Federation Limited (GCMMF), which markets the Indian brand Amul, is planning to achieve a turnover of INR30,000 crore (INR300 billion, USD5.73b) by 2018, two years ahead of its target date "considering the consistent growth that it has been recording over the last five years".

"We ended 2011-12 with a turnover of INR11,670 crore, recording a growth of 20 percent for the 15th consecutive year. The way we are growing, I think, we will achieve our target two years before 2020," RS Sodhi, managing director of GCMMF, told reporters on Wednesday.

To take the Amul label to the next level of growth, Sodhi said, the federation was going all out to make dairy farming a contemporary and trendy business by encouraging youth to take up farming, besides increasing payments to them.