Yoga Guru Baba Ramdev’s Patanjali Ayurved limited (PAl) will be investing Rs 671 crore in Chhattisgarh for setting up a ‘Food and Herbal Processing Unit.’
The company has inked a Memorandum of Understanding (MoU) with the Chhattisgarh Government to set up the unit in Bijetala village of Rajnandgaon district on 500 acres of land, officials informed.
The company intends manufacture and process honey, amla juice, aloe vera juice, tomato ketchup, frozen vegetables, rice and pulses in the proposed Chhattisgarh facility.
Notably, Chief Minister Raman Singh had also invited entrepreneurs to invest in Food Processing sector of Chhattisgarh while on a visit to the Chhattisgarh Pavilion at ‘World Food India 2017’ in New Delhi on November 3 this year.
He had interacted with a number of investors to explore investment possibilities for the State.
Notably, Chhattisgarh Government had earlier received an invitation from the Confederation of Indian Industry (CII) on behalf of Union Ministry of Food Processing Industries, officials informed.
The State Government had agreed to participate with a grand presentation in the event.
A global event to facilitate partnerships between Indian and international businesses and investors, World Food India (WFI) is a gateway to the Indian food economy and an opportunity to showcase, connect, and collaborate, officials informed.
Organised by the Ministry of Food Processing Industries, the event was the largest gathering of investors, manufacturers, producers, food processors, policy makers, and organizations from the global food ecosystem.
It aimed to provide opportunities for both investment and trade in the food processing sector for leading Indian and international companies. Encompassing the entire food spectrum from production to consumption, WFI is looking at creating a better sourcing environment, thereby enabling higher returns for farmers, creating employment, and fostering entrepreneurship.
World Food India intends to establish global linkages and facilitate foreign investment in India’s US$ 915 billion farm-to-fork ecosystem that services the needs and rising aspirations of the country’s 1.3 billion consumers.
The World Food India delegation had generated huge excitement among the business community of Chhattisgarh during the Roadshow organised here on August 4 this year .The Roadshow was organised by the Union Ministry of Food Processing Industries (MoFPI) in collaboration with CII.