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Patanjali Ayurved, which is a FMCG venture promoted by yoga guru Ramdev will be investing over Rs 1,150 crore in the current fiscal for setting up six processing units and one R&D center as it follows a turnover of Rs 10,000 crore this year.
Yoga guru has said in a statement that “We will invest Rs 1,000 crore to set up 5-6 processing units in various parts of the country. Apart from this, we will invest Rs 150 crore in research and development (R&D). We are looking at doubling our turnover to Rs 10,000 crore in the current fiscal.”
These units will be set up in Assam, Uttar Pradesh, Madhya Pradesh, Maharashtra and Haryana.
Acharaya Balkrishnan, Patanjali Ayurved Managing Director has said that “We are looking at setting up units in drought-hit areas such as Vidharbh in Maharashtra and Bundelkhand region in Uttar Pradesh and Madhya Pradesh. At least four of these units will become operational by the end of this fiscal.”
