First Indian dairy in Global Top 20 list
Amul, Gujarat Cooperative Milk Marketing Federation (GCMMF), has become the first Indian dairy firm to make a place in the global top 20 list released by Rabobank, a Dutch multinational banking and financial services company. According to the list, Switzerland’s Nestle topped the list with a turnover of US $22.1 billion, followed by France’s Lactalis with US $ 21 billion turnover. Amul has achieved an annual turnover of $5.5 billion. GCMMF (Amul) enters the Rabobank’s Global Top 20 Dairy Companies list for the first time at No.16.
- US’ Dairy Farmers of America which was ranked 6th in the 2019 list, has been positioned third this year with a turnover of US $20.1 billion.
- Among others are France’s Danone at fourth, China’s Yili at fifth, New Zealand’s Fonterra at sixth, Netherlands’ FrieslandCampina at seventh, China’s Mengniu at eighth, Denmark/Sweden’s Arla Foods at ninth and Canada’s Saputo at tenth position.
- The dairy sector can give a significant boost to the employment generation in the country. This sector would alone create 1.2 crore new jobs over the next 10 years.
- India produces 21 per cent of the milk in the world and India’s milk market was growing at 5 per cent, compared to the 1.8 per cent growth in the global milk market.
- The company plans to roll out two more products i.e. Immuno Chakra Ice Cream, the Health trinity of Haldi-Ginger-Tulsi in tri-colour Ice Cream stick of 60 ml and Star Anise Doodh in the 200 ml can.
- In July, Amul launched Panchamrit, a mix of five ingredients which is usually offered in temples as ‘prasad’. It also launched Janmay range of edible oils, to reduce India’s edible oil dependency and help local farmers.