GCMMF's AGM clears annual results for 2013-14

VADODARA: The 40th annual general meeting (AGM) of Gujarat Cooperative Milk Marketing Federation (GCMMF) that markets brand Amul cleared the results of the federation on Thursday for 2013-14. The meeting was chaired by Sabar Dairy chairman Jethabhai Patel as the post of the chairman is vacant after Vipul Chaudhary's ouster.
The apex body of milk cooperatives in Gujarat had registered the highest ever growth of 32.1 per cent to achieve turnover of Rs 18,143.46 crore during 2013-14.The organization managed to achieve an impressive 23 per cent cumulative average growth rate over the last six years by leveraging marketing and technological innovations as well as enhanced distribution reach. The group turnover of GCMMF and its constituent member unions, representing unduplicated turnover of all products sold under Amul brand, was Rs 25,500 crores.
During the last four years, GCMMF has ensured 59 per cent increase in milk procurement price to its farmers, resulting in 46 per cent growth in milk procurement during the same period. GCMMF achieved excellent growth in most of the value-added consumer packs.
Jethabhai, who chaired the AGM in the absence of Chaudhary, emphasized the fact that GCMMF will continue to progress with the same values of integrity, efficiency and honesty which chairman Dr Verghese Kurien had instilled. Commenting on the results, GCMMF managing director R S Sodhi said Amul has planned rapid expansion across its entire value-chain. tnn
"Expansion has been our mantra and will remain so in the coming years," the MD said.