Amul plans to set up unit in Northeast

Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells dairy products under the Amul brand, is mulling setting up a processing unit in the Northeast, a senior executive said.

“We are setting up two processing units in UP — one in Kanpur and one in Lucknow — which will be operational in 5-6 months.

“We are also planning to set to set up a processing unit near Kolkata. We are investing Rs 200 crore for each of these units,” GCMMF’s Managing Director R S Sodhi said. He said the company is also looking at Northeast for setting up a milk processing unit. GCMMF has 60 milk processing units spread across the country.

“We are expecting Rs 23,000 crore in sales by the end of the financial year. The rise in revenue is only due to increase in volume,” he said. There is no plan to increase prices for the next six months, he said. —PTI