Patanjali Ayurveda To Make Rs 500 Crore Investment In Madhya Pradesh – NDTV Profit

Bhopal: The Madhya Pradesh government has managed to woo yoga guru Ramdev-led Patanjali Ayurveda Ltd to set up a Rs 500-crore food processing unit at Dhar district in the state.”We had learnt that Maharashtra government was eager to give 400 acres of land to Patanjali for the food processing project in Nagpur. But our officials did not lose heart…kept wooing (MD) Acharya Balkrishna to come to MP and invest Rs 500 crore in the food processing project,” a top official of the Madhya Pradesh Industries Department said.

“Our efforts have paid off,” he added.

“We have demarcated 400 acres of land to Patanjali Ayurveda in Pithampur Industrial area spread over an area of 7,000 acres in Dhar district and have got an advance of Rs 1 crore from the company,” Indore MP Audyogik Kendra Vikas Nigam managing director Kumar Purushottam told PTI on Thursday.

The Madhya Pradesh government recently cleared 400 acres of land at Rs 25 lakh per acre to Patanjali Ayurveda at Pithampur, said Madhya Pradesh Trade and Investment Facilitation Corporation Limited Chairman Mohammed Suleman.

The company has been asked to start production in three years. “Acharya Balkrishna of Patanjali Ayurveda is in touch with us,” he said.

“The food processing project is going to provide direct employment to around 700 people,” the senior IAS officer said.

Two months ago, Mr Balkrishna had in a chopper scouted for locations to set up the food processing unit in MP.