Founded by Baba Ramdev and Acharya Balkrishna, Patanjali has grown to become a household brand whose current evaluation is over 5000 crores and is giving tough competition to all FMCG brands. The latest news about Patanjali is that a herbal park is going to be set up in Noida which is estimated to cost around INR 1,600 crore.
“It is almost finalised now. You may see an announcement by Patanjali Ayurved for an investment of around Rs 1,600 crore in Noida for setting up a food processing plant around Diwali. As far as investments in the state are concerned, the Uttar Pradesh government is fair and transparent for promoting industrialisation which will create jobs.” -A senior UP government official privy to the development
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There were rumours that the brand will announce its investment in Uttar Pradesh after the assembly polls in March next year. However, the company officials have confirmed the development and have claimed that the procedure for identification of the land is at an advanced stage. The unit is most likely to be set up near Yamuna expressway.
“It would be an international food park, which would be for exports and domestic markets as well. The state bureaucracy is also involved in this project under the instructions of the chief minister of UP. It would be a major investment boost for UP and employment generation. We would make the unit operational within 12-18 months of allotment of land. The food park will manufacture all major products. As it is located in the NCR region, which has proximity to the airport and dry ports, it will act as a hub.” -A Patanjali Ayurved official
It is estimated that when the park is fully functional, it will be able to produce products worth INR25 crore each year. In terms of employment, it will generate employment to over 10,000 people. Patanjali is also planning to set up other manufacturing units in Madhya Pradesh, Assam, Maharashtra, Jammu and Kashmir and Bundelkhand.
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