Published On: Fri, Nov 18th, 2016

YEIDA gives reservation letter to Baba Ramdev

GREATER NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) on Thursday issued a reservation letter to yoga guru Baba Ramdev for setting up a manufacturing unit — Patanjali Ayurved—in its area. YEIDA has also received nearly Rs 30 crore from the yoga guru towards the allotment. Uttar Pradesh Chief Minister Akhilesh Yadav is likely to lay the foundation stone for the facility on Nov 30.

As per YEIDA officials, Patanjali group has to deposit another Rs 86 crore in the next 60 days. The factory—which will cater to the growing demand for its FMCG products in the northern market—will come up alongside a proposed Ayurveda University or health center across 455 acres of land.

While 430 acres of land will be used for industrial purposes, a 100% manufacturing unit, 25 acres will be used for institutional purposes. Land has been earmarked in sectors 22E and 24A in the YEIDA area for the project.

The Haridwar-based FMCG company promoted by the yoga guru plans to invest more than Rs 1600 crore in the facility. While direct employment will be generated for at least 10,000, indirect employment will be for about 75,000 people.

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