Campco to sign pact with Madhya Pradesh Co-op

MoU will be signed in June in presence of CMs of both states

Central Arecanut and Cocoa Marketing and Processing Co-operative (CAMPCO) Limited  will enter into an MoU with Madhya Pradesh State Cooperative Dairy Federation Ltdwhich sells milk and its products under the brand name of Sanchi.

With the memorandum, the MP based co-op will sell Campco chocolates in its outlets in Madhya Pradesh.

Addressing a press meet here on Monday, CAMPCO President Konkodi Padmanabha said that the MoU will be signed in the presence of Karnataka Chief Minister D V Sadananda Gowda and Madhya Pradesh Chief Minister Shivraj Singh Chouhan inMadhya Pradesh in June.

MP State Cooperative Dairy Federation Ltd President Subhash Mandge said that as per the agreement,  Campco chocolates will be sold in 397 milk parlours across the state.

We want all the cooperatives to come together on the theme cooperation between cooperatives, he said

Padmanabha said Campco has already entered into tie-up with Milma of Kerala and Nandini of Karnataka, to sell Campco chocolates in their parlours.

 We will soon hold talks with Bihar’s co-op named ‘Sudha’ for selling Campco chocolates in Bihar. After entering tie up with ‘Sudha,’ we will look for tie up with Saras of Rajasthan, he added.

He said during 2011-12, the production of chocolates has crossed 16,000 metric tonne. The Campco had a business transaction of Rs 160 crore worth chocolates during the period.

We have exported Campco chocolates worth Rs 500 lakh to Nepal and semi finished chocolates worth Rs 360 lakh to African countries during 2011-12. Now efforts are on to export Campco chocolate to Bangladesh, Bhutan, Srilanka and Pakistan, he said
Managing Director M Suresh Bhandary said that  Campco chocolate factory will produce health drink for Himalaya Drug Company soon. We have already entered tie up. The health drink will be a cocoa based product with Ayurvedic ingredients in it. The health drink will be for the children, Bhandary informed

Upgradation

The Campco President said that the Campco chocolate factory will be upgraded at an estimated cost of Rs 21 crore. From July, the factory requirement will be increased, he added. The production capacity of the factory is 18,000 tonne per annum, he said adding that windmills have already been set up at Hoovinahadagali and Chikkodi and power requirement of the chocolate factory is produced through this.

We are not dependent on Mescom or KPTCL for electricity, he added.