The marketing body of milk product Amul, the Gujarat Co-operative Milk Marketing Federation (GCMMF) has announced that the co-operative has been crossed the revenue mark of Rs 4,227.84 crore in the fiscal year 2006-07. With this performance, the co-operative has become the first billion-dollar co-operative in India.
According to the report, the co-operative has registered a massive growth of 13.4 percent intermes of revenue at rs 4,227.4 crore. It was at 3,700 crore in last fiscal year.
Parthibhai G Bhlot, chairman of the GCMMF said on this achievement that the co-operative has showed tremendously remarkable growth despite of ban on export of skimmed milk powder. It has happed despite of the massive loss suffered by the farmers because of floods in the last monsoon particularly in Surat region.
Bhalot said further that the different products of the co-operative have performed up to the mark in this fiscal year. The sales of Amul milk in pouches have registered the growth of 40% in terms of value this year.
At the same time, the sales of Amul ghee and Amul sugar brands have gone up by 28 % this year. Similarly, the sales of flavored milk have gone up by 55% in this fiscal year.
The GCMMF has the registered membership of 26 lakh milk producers in India. This year, the total milk procurement by these members in the year 2006-07 has touched 67.25 lakh Kgs per day at average that was 64.38 lakh Kgs per day in last fiscal year.