Ramdev's Patanjali to invest Rs 100 cr for manufacturing solar equipment

Patanjali, which has gained a major foothold in the FMCG and Ayurvedic market, has shown an appetite for diversifying into various unrelated sectors

From a 'swadesi' apparel line to private security, Ramdev-promoted Patanjali Ayurved Ltd has its fingers in many pies, and now it reportedly plans to manufacture solar power equipment.

Livemint reported on Tuesday that Patanjali is set to foray into solar power equipment manufacturing. Stating that the foray was "in line with the swadeshi movement", Patanjali Ayurved Managing Director Acharya Balkrishna told the financial daily that solar power had the ability to enable each Indian household to have electricity. "We are here to make that happen," he added. This will be the company's first venture in infrastructure, the report added.