Amul second largest cooperative in the world dairynews7x7

Amul has made a remarkable achievement by securing the second position globally in the Co-op Monitor, showcasing the strength of India’s dairy cooperative sector.

The Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF), operating under the renowned brand name Amul, clinched this prestigious spot among the world’s top 300 cooperatives.

The ranking is determined by the ratio of turnover to gross domestic product (GDP) per capita. The announcement was made during the launch of the 2023 edition of the World Cooperative Monitor by the International Cooperative Alliance (ICA) and the European Research Institute on Cooperative and Social Enterprises (Euricse).

The report highlights the top 300 cooperatives and mutuals globally, with a special emphasis on member benefits. Notably, France’s Groupe Crédit Agricole and the Groupe BPCE lead in the financial sector, while Germany’s REWE secured the second position in the retail trade sector.

The first place was claimed by India’s fertilizer cooperative giant IFFCO, with France’s Groupe Credit Agricole and Brazil’s Sistema Unimed securing the third and fourth positions, respectively. Brazil’s Copersucar SA secured the fifth position.

Amul, established in 1946 and managed by GCMMF, serves as a successful model for strengthening India’s dairy cooperative sector. Union Home and Cooperation Minister Amit Shah often cites Amul’s success in bolstering the roots of the cooperative movement in India.

With over 16 million milk producers pour their milk in 185903 dairy cooperative societies across the country, Amul has played a pivotal role in making India the largest milk producer globally.

The World Cooperative Monitor, in its eleventh edition for 2022, is a significant project that gathers comprehensive economic, organizational, and social data on cooperatives worldwide. As the only report of its kind, it provides annual quantitative data on the global cooperative movement, reflecting the continued success and impact of cooperative enterprises.

Source : Indian Cooperative Jan 26th 2024

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Subscribe for get daily dairy news

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.