1. Patanjali to wipe out MNCs from Indian market in 5 yrs: Baba Ramdev

Patanjali to wipe out MNCs from Indian market in 5 yrs: Baba Ramdev

Baba Ramdev also said that the MNCs here were not working for the country's development, rather their sole objective was to 'loot' India.

By: | Updated: May 1, 2017 12:09 AM
Yoga guru Ramdev, Baba Ramdev, Ramdev news, Patanjali, Patanjali Ayurveda, FMCG Companies in india, fmcg, Indian MNCs, Yogi Adityanath, Ramdev on Yogi Adityanath Baba Ramdev also said that the MNCs here were not working for the country’s development, rather their sole objective was to ‘loot’ India. (Source: PTI)

Yoga guru Ramdev said today that Patanjali Ayurveda, promoted by him, will steal the march over multinational firms manufacturing consumer products. Comparing them to the East India Company that had entered the country with a purpose to “loot”, Ramdev said that he aims to make India free from the MNCs.

He said that the MNCs here were not working for the country’s development, rather their sole objective was to ‘loot’ India. “Patanjali agle panch varshon mein in videshi kampaniyon ko moksh de degi ( Patanjali will finish the MNCs up from the Indian market in next five years),” he said.

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He was speaking at a function organised here to mark the birth anniversary of Yogi Bharat Bhushan. “In the next five years, Patanjali would educate the farmers about the latest techniques in farming to boost production. We will also offer decent prices for the produce,” Ramdev, who also happens to be the founder of Patanjali, said.

Ramdev also hailed the Uttar Pradesh government under Yogi Adityanath, who he said, establishes a good connect with the public. PTI recently reported that the FMCG major is now eyeing to double its share in India’s overall food processing market by upto 20 per cent in the current fiscal. The company is now planning to invest somewhere around Rs 500 cr for its expansion in different FMCG verticals and is also looking to put more funds towards opening new units and ramping up capacity of the existing units.

Speaking to PTI, Patanjali’s MD Acharaya Balkrishna had said, “The food processing industry is worth around Rs 85,000 crore and Patanjali has a share of around 10 per cent. We would like to double our contribution to 20 per cent this fiscal,”

“In the coming years, we would try to maximum Patanjali’s contribution in the food processing industry,” he added further. the food processing industry would not only provide good price to farmers but also help in providing quality food products in India, Balkrishna informed.

Patanjali has already surpassed the Rs 10,000 crore sales mark in the last fiscal and is now having global ambitions.

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