Amul to invest Rs 1,500 crore in two years to set up new processing plants

GCMMF will invest around Rs 1,000 crore over the next two years to set up Amul’s milk processing plants, and another Rs 500 crore on new products like edible oil, R S Sodhi said. “We will invest around Rs 1,000 crore in the next two years on setting up dairy plants across various states,” Sodhi said.

IS: The Economic Times

He said the processing capacity would increase to 420 lakh litres per day, despite the pandemic situation as the economic conditions will be stable in Gujrat soon.
Amul will be launching new products, like edible oils, under the new brand ‘Janmay’. Groundnut oil, cottonseed oil, sunflower oil, mustard oil and soybean oil will be a part of this new line.

“We already have few plants for edible oil, bakery and potato processing. We will invest Rs 400-500 crore on setting up more plants in these new business areas over the next two years,” Sodhi informed.

However, Amul has also suffered some losses in the recent times, Sodhi informed. He said that ice-cream sales have declined 30-40% due to closure of hotels, restaurants and canteens due to the previously imposed lockdown. “Marriage ceremonies contribute a lot to ice-cream sales. This has been affected badly this year,” he said.