The State Government has managed to get Rs 500 cr investment from Baba Ramdev-led Patanjali Ayurveda ltd to set up a food processing unit in Dhar district of the State.
A top official of the State’s Industries Department said on Thursday, “We had learnt that the 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 and kept on wooing Acharya Balkrishna to come to MP and invest Rs 500 cr in the food processing project. Our efforts have paid off.”
MP Audyogik Kendra Vikas Nigam Managing Director Kumar Purushottam said, “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.”
The State Government has 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 said.
Two months ago, Balkrishna, in a chopper, had scouted for locations to set up the food processing unit in MP.
One low pressure area over northwest MP and Chhattishgarh which would loss its strength but Upper Air Cyclonic Circulation over northwest MP would maintain the heavy rainfall.
The cyclonic circulation continues to prevail over South Rajasthan besides this, the axis of Monsoon trough is also running through this system across Madhya Pradesh, Chhattisgarh up to the low pressure area which has moved inland and is now marked over Odisha and Gangetic West Bengal.