Home Food Patanjali to set up Rs 500-crore food processing unit in Madhya Pradesh

Patanjali to set up Rs 500-crore food processing unit in Madhya Pradesh

By  
SHARE

The Madhya Pradesh government has managed to woo -led Patanjali Ayurveda Ltd to set up a Rs 500-crore food processing unit at Dhar district in the state.

Patanjali Ayurved adds baby care products to portfolio
Patanjali has sold fast-moving consumer goods worth Rs 5,000 crore in 2015-16, a 150 per cent growth from the previous year

“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) to come to MP and invest Rs 500 crore in the food processing project,” a top official of the Madhya Pradesh Industries Department was quoted by PTI as saying.

According to a PTI report: 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 was quoted by PTI as saying.

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.

Tax benefits will be given to the company according to our policies and rules, when it starts production, he said amid whispers that the BJP government in the state has gone out of the way to offer sops to Patanjali.

The company has been asked to start production in three years. Acharya Balkrishna of the 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 was quoted by PTI as saying.

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