News
Baba Ramdev to invest Rs 1,000 cr on Yamuna e-way
Demand for Baba Ramdev’s Patanjali products is growing only and to cater to this growing momentum, the FMCG player is mulling to set up a manufacturing facility near Delhi.
Most probably, the new manufacturing facility will alongside the proposed Patanjali University campus on the Yamuna Expressway in Uttar Pradesh.
For the new unit, Patanjali Ayurved is in talks with the Yamuna Expressway Industrial Development Authority (YEIDA) to invest around Rs 1,000 crore.
Regarding this investment Acharya Balkrishna has a meeting with the authority official’s.
YEIDA, CEO, said, “They are in talks with us to take industrial land to set up a factory and institutional land to set up a university. Once they decide, they will apply for allotment of land.” “Acharya Balkrishna is happy and satisfied with the land,” he added.
Presently, Patanjali has only one manufacturing facility, which is near Haridwar in northern Uttarakhand state, and is spread over around 150 acres.
Patanjali Ayurved’s sales rose by 64 per cent to Rs 731 crore within six months that ended December 31, 2015.
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