Patanjali Ayurved of Baba Ramdev, will set up a Food Park at ludhiana while ITC is coming with a food processing unit in the state, Punjab Deputy Chief Minister Sukhbir Singh Badal said on Wednesday. "Patanjali approached the Punjab government and expressed desire to set up a food park in Punjab," Sukhbir Badal said while making a presentation on 'Perspective on development and governance in Punjab for the last nine years'. He said "the company (Patanjali) is impressed with the policy on industry in the state" and would "set up a Food park in ludhiana."The Deputy Chief Minister said ITC is coming up with a food processing unit in the state.
With zero tax policy on food processing units, several giants like Pepsi, Coke are coming into this venture, he said.
"Patanjali will lay the foundation stone of the food park in April," he said adding that the multi-branding in the food processing industry is benefiting the state in a "big manner."
"The overall target through food processing in the state is around Rs one lakh crore this year," he said. "I am satisfied with my tenure and what I have achieved," he said adding that the state had shown unprecedented development during the SAD-BJP regime.
Punjab is slated to go for polls early next year.