Baba Ramdev led Patanjali to set up large food park in Telangana

By: |
Hyderabad | Published: November 16, 2017 4:45:08 AM

Patanjali Ayurved has signed a memorandum of understanding (MoU) with the Telangana government for setting up a large food park in the state.

Patanjali, Patanjali Ayurved, Baba Ram, dev, food park in Telangana, food park by PatanjaliPatanjali Ayurved has signed a memorandum of understanding (MoU) with the Telangana government for setting up a large food park in the state. (Image: PTI)

Patanjali Ayurved has signed a memorandum of understanding (MoU) with the Telangana government for setting up a large food park in the state. The food park, which is likely to come up in the Nizamabad district, will house edible oil, fruit pulp and spices processing units. The Patanjali group has also expressed interest in developing indigenous seed varieties and animal feed value chain in the state. The MoU is a follow-up of the visit of MD Acharya Balakrishna to the Nizamabad district in November last year. Nizamabad MP Kalvakuntla Kavitha had presented the food processing policy and various schemes of the state government to the Patanjali top management. The new food processing policy has generated a lot of interest from various business groups.

Patanjali was also informed about the availability of raw materials such as turmeric, chillies, maize and soybean. Further, procurement opportunities for citrus fruits and other commodities were also discussed for various Patanjali products. While the company did not reveal investment details, sources in the know said that the phased investment could be in the range of `500 crore to `1,000 crore. Incidentally, Patanjali group had committed an overall investment of around `10,000 crore across the country during World Food India, organised by the Ministry of Food Processing Industries in New Delhi.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Yes Bank acquires 24% stake in Dish TV
2Covid impact: No takers for luxury housing as unsold inventory piles up
3Make-in-India push: BSNL to refloat revised 4G tender