KOLKATA (TIP): Dairy major Amul will invest Rs 5,000 crore over the next three years to ramp up milk production and new processing capacities.

“We will require Rs 5,000 crore over three years in adding new capacities, ramping up existing facilities and entering new markets,” managing director R S Sodhi said.

The company, he said, would be setting up 10 new milk processing plants across the country and upgrade existing plants which would translate into enhanced processing capacity of 320 lakh litres from 230 lakh litres.

“The new investments will help attaining Rs 50,000 crore turnover in 2-3 years from Rs 18,000 crore as on March 2014,” Sodhi said.

Of the 10 new plants, 5 will be set up in Gujarat and the remaining five will be set up in Faridabad, Kanpur, Lucknow, Varanasi and Kolkata, he said.

The Anand-based dairy cooperative currently operates 51 plants in the country, of these, 41 are in Gujarat.

This financial (2014-15) the revenues of the company, owned by Gujarat Co-operative Milk Marketing Federation, should exceed Rs 21,500 crore, he said.