Monday, July 05, 2004

Food: Amul to set up co-operative milk movement in Sri Lanka

Wanted to blog this last week, but forgot the source. I think it was in Economic Times. Can't find it in Google.

Amul will be setting up a Anand, Gujarat type experiment in Sri Lanka. They will invest about Rs. 10 crores to set up a co-operative milk procurement movement. Initially, milk from Tamil Nadu will be taken via sea and sold in Sri Lanka under the Amul brand. In due course, proper co-operative set up will be built and then the venture will be trasferred to the local co-operatives. This venture will be allowed to decide their own brand, or use Amul brand by paying royalty to Gujarat Co-operative Milk Marketing Federation (GCMMF) that owns the Amul brand.

As of now Sri Lanka imports milk powder from outside the country.

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