How Amul’s entry into South India is causing a churn in the cooperative industry
State milk cooperatives have fostered a no-competition spirit among each other. Now, the Gujarat-based milk procurer has caused a stir as it enters the South In the 1980s and the 1990s, the best suitor to the rich, brown Robusta from the blue Nilgiris was the creamy-complexioned Aavin from Tamil Nadu’s plains. In neighbouring Karnataka and […]
In Gujarat’s dairy world, BJP gets the cream of the crop
Seventeen years ago, an anguished Dr Verghese Kurien, pre-empting his removal, had stepped down as founder-chairman of the Gujarat Cooperative Milk Marketing Federation (GCMMF) — the umbrella body of dairy co-operatives based in Anand that owns the iconic Amul brand. Announcing his resignation on March 6, 2006, at the Indian Institute of Rural Management (IRMA), another institution he […]
The good cooperative
Companies are investor-owned entities that exist primarily to maximize their return on capital. This is reflected in the value of their shares, whether traded on an exchange or not. The investor-owner ultimately seeks capital appreciation and the highest possible price for the shares he wishes to sell or pledge to raise further funds. Cooperatives, on […]