Amul aims to achieve a business turnover of Rs 50,000 cr by 2021

The Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk and milk products under the Amul brand, Tuesday said it aims to achieve a business turnover of Rs 50,000 crore by 2020-21.

In the long term, Amul aims to establish itself as the largest dairy organisation in the world, rising up from its current ranking as the ninth-largest dairy organisation globally, the GCMMF said after its 45th annual general meeting held at Anand Tuesday.

The GCMMF has recorded a sales turnover of Rs 33,150 crore for the financial year 2018-19, which is 13 per cent higher than the previous financial year.

The Federation has registered a rapid growth in the past decade, with its turnover growing four times during this period, from Rs 8,005 crore in the financial year 2009-10 to Rs 33,150 crore in 2018-19, the release said.

The total turnover of GCMMF and its constituent member unions, turnover of all products sold under Amul brand, is exceeding Rs 45,000 crore or USD 6.5 billion.

GCMMF ...