Patanjali to set up herbal food park in Nepal

Televangelist Ramdev on Sunday announced that Patanjali Yogpeeth would set up a food and herbal park in Nepal.

This will be Patanjali Yogpeeth's first park in a foreign country. The announcement was made by Ramdev when he met Nepalese Prime Minister Pushpa Kamal Dahal at Hardiwar in Uttarakhand.

"In November, Patanjali will set up the first unit of its food and herbal park in Nepal," a statement by Patanjali Yogpeeth Trust quoted Ramdev as saying.

The initial investment in the Nepalese unit would be around Rs 100-200 crore, a source said.

Patanjali Yogpeeth, which is seeking to achieve a target of Rs 50,000 crore in the next three-four years, is expanding its business by setting up four-five new food and herbal parks. The company has recently announced that its food and herbal park at Nagpur in Maharashtra would be ready by the end of the current financial year. The company is also setting up such units in Madhya Pradesh, Uttar Pradesh, Assam and other states.

Patanjali, which is also focusing on the education sector, also announced a university in Nepal. The company has already said it would spend 80 per cent of the profit on education. Ramdev said "all these works which we are doing now are basically for improving education".