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10/11/2020 11:03am

Amul to invest Rs 2,500 cr in UP: GCMMF

image Amul to invest Rs 2,500 cr in UP: GCMMF

Lucknow, Nov 10 (KNN) Amul, the flagship brand of Gujarat Cooperative  Milk Marketing Federation (GCMMF) is likely to invest Rs 2,500 crore in Uttar Pradesh (UP) over the next few years.

While speaking at ‘UP-US Services e-Summit; Handholding of UP and US: A win-win Paradigm’, organized by the Indo-American Chamber of Commerce, North India Council, GCMMF, managing director Dr RS Sodhi, on Monday said, “Amul is planning to invest Rs 2,500 crore in UP. The organized milk sector can create 6 lakh jobs in the coming years if production capacity can be increased from 2 million litres to 10 million litres per day and productivity can be increased through better breeding facilities.''

Reportedly, Sodhi also said that in the next 10 years, the state’s organized milk production should be 300 million litres, against the current 110 million litres.

Speaking at the summit, Bhuvnesh Kumar, Principal Secretary (dairy development), said assured that new agro food processing policy will be issued soon.

“The UP government is open and ready to invite investments in semen production and animal shelter homes,” he added.

Alok Tandon, Infrastructure and Industrial Development Commissioner, said that agricultural and food processing, tourism and culture, infrastructure, and MSMEs are the four growth engines that could spur UP’s economic growth.

''The government was working to improve existing policies and making them more suitable for investors, especially in light of the changed world economy due to Covid-19,'' he added.

''The state has managed to ground 50 per cent of the MoUs signed by it, a feat for any government. We have assigned a separate desk for every country we are trying to convince to invest in UP, which is monitored by senior level officers,” said MSME minister Sidharth Nath Singh.


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