Patanjali group has signed a Memorandum of Understanding (MoU) with the Telangana government recently under which the brand will set up a large food park in Telangana with units for processing edible oil, fruit pulp and spices.
Patanjali Group also expressed interest in developing indigenous seed varieties and animal feed value chain in the state.
Baba Ramdev had even visited Telangana to explore opening Patanjali’s manufacturing units in the state. After being satisfied with the turmeric crops in the region and the government’s single window hassle-free policy, the MoU was finally signed.
The MoU between the Group and Telangana State Industrial Infrastructure Corporation (TSIIC) was signed at Haridwar in the presence of Baba Ramdev and Telangana Rashtra Samithi Member of Parliament K Kavitha.
Acharya Balakrishna, CEO of Patanjali group went to Nizamabad last year in November.
This was a follow up on Balakrishna’s visit. Deliberations between the Patanjali Group and Nizamabad MP Kavitha to set up manufacturing units in Nizamabad had started in 2016.
According to the official statement, “Procurement opportunities for citrus fruits and other commodities were also discussed for various Patanjali products.”
Patanjali Group committed an investment of more than Rs 10,000 crore countrywide at World Food India organised by the Ministry of Food Processing Industries in New Delhi.