New Delhi: The turnover of Gujarat Co-operative Milk Marketing Federation (GCMMF) has hit beyond USD 2 billion mark which sells milk and other dairy products under the brand name of Amul.

The turnover of GCMMF grew by 23 percent for the financial year 2010-11 to Rs 9,774 crore.

According GCMMF, “It took 33 years for the company to take the turnover to the USD 1 billion mark while it took only four years to take this mark to next level of USD 2 billion.”

Every product of Amul played a pivotal role in raising the turnover to USD 2 billion mark, says GCMMF.

The organisation paid Rs 8,345 crore to the 30 lakh farmers in the financial year 2010-11 who are also members of GCMMF.

Federation’s biggest brand, Amul Butter registered a rise of 26 percent in its sale for the fiscal year 2010-11 while the sale of milk soared by 34 percent during the same financial year.

GCMMF Chairman Parthi Bhatol said, “We have set a target of Rs 1200 crore turnover for the financial year 2011-12.”

JPN/Bureau