Amul will enter the European market by the end of this month after launching its products in the US, GCMMF Managing Director Jayen S Mehta said on Monday. The Gujarat Cooperative Milk Marketing Federation (GCMMF) sells its dairy products under the popular Amul brand.
We will be launching milk…fresh products in Europe by the end of this month,” he said at the annual convocation of Indian Institute of Foreign Trade (IIFT) here.
The company will launch the products in Spain first and then look at expanding to other countries in Europe.
He also said that non-tariff barriers are being faced by the Indian dairy industry in other countries and removal of those will help in increasing exports.
ETPrimeET PRIME – POPULAR INDUSTRY STORIES
Adani Group stocks: Will averaging out work for retail investors?Adani Group stocks: Will averaging out work for retail investors?Is Nifty Next 50 a good bet? Only if you are a super long-term investor.Falling off the momentum? Why retail investors are losing money after witnessing a long rallyReliance JioCinema is streaming IPL 2023 for free. Will this now disrupt the OTT business?Top Nifty50 stocks analysts suggest buying this weekLong term wealth creation; 7 stocks with high ROE
Subscribe to ETPrime
“Try to create a market opportunity for us,” Mehta said adding that milk is a source of livelihood for more than 10 crore families in the country and most of the producers are small and marginal farmers.
India allows the import of dairy goods at a 30 per cent duty.
ADVERTISEMENT
Amul has a turnover of Rs 80,000 crore and is now ranked as the strongest dairy and food brand globally, owned by 36 lakh farmers, he claimed.
In March, GCMMF launched four variants of milk in the US market to cater to the Indian diaspora and Asian population.
Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.
Whatsapp Banner
(You can now subscribe to our Economic Times WhatsApp channel)
READ MORE ON
AmulAmul Europe entryAmul in EuropeAmul brand productsGujarat Cooperative Milk Marketing FederationIndian dairy exportsAmul US market launchEuropean market dairymilk livelihood IndiaIndian Institute of Foreign Trade
NEXT READ
BharatPe, PhonePe settle long-standing trademark disputeBiocon arm to buy US company Biosimilar biz for $3.34 billionDefence Expo 2022 to have event for startups to pitch ideas in front of live audience, investorsReliance may take on 200 Future Stores after company fails to make lease paymentsInflation quite high, but Nestle won’t raise prices: CMD Suresh NarayananLarge ETF flows can swing headline indices big time: Manish SonthaliaWhat could be the wealth creators of next decade? Here’s a cluePankaj Tibrewal on 4 trends to bet on for bottom-up stock pickingHow “The Valuable 500” is driving the recognition of people with disabilitiesCan packaging become a full-scale data carrier & digital tool? Tetra Pak thinks so
Improve your leadership through senior leadership programmes
Government launches phase 2 of Bharat atta and rice to combat food inflation
He also said that non-tariff barriers are being faced by the Indian dairy industry in other countries and removal of those will help in increasing exports
Try to create a market opportunity for us,” Mehta said adding that milk is a source of livelihood for more than 10 crore families in the country and most of the producers are small and marginal farmers.
India allows the import of dairy goods at a 30 per cent duty.
Amul has a turnover of Rs 80,000 crore and is now ranked as the strongest dairy and food brand globally, owned by 36 lakh farmers, he claimed.
In March, GCMMF launched four variants of milk in the US market to cater to the Indian diaspora and Asian population.