After giving tough competition to multinational companies in India with its Ayurvedic and herbal household products, Patanjali is now venturing into new avenues. It will now enter the textile manufacturing market, according to ANI. Baba Ramdev said “Patanjali will make everything from underwear to ethnic and sportswear soon.” “Patanjali will soon get into garment and textile market and break the stronghold of foreign manufacturers,” Ramdev said during the inauguration of Patanjali Gramodhyog in Alwar, Republic revealed. Recently in a survey, CEO of Patanjali Ayurved Ltd, Balkrishna, was named the eighth richest Indian. The profit earned by Acharya Balkrishna is for helping the needy and not for luxury, Ramdev said, as per ANI.
“Patanjali will make everything from underwear to ethnic and sportswear soon” he added. In a recent Forbes survey, CEO of Patanjali Ayurved Ltd, Acharya Balakrishna was named the eighth richest Indian. On this, Baba Ramdev said that the profit earned by Acharya Balakrishna is for helping the needy and not for luxury.
Earlier, SK Tijarawala Patanjali spokesperson, said that Patanjali will be launching its line of ‘Swadeshi’ apparel, with an initial sales target of Rs. 5, 000 Crore, Through this new venture, the company aims to bring a good quality of clothes to the masses, including knitwear and denim, the report said.