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Patanjali aims to increase farmers' income ten times: Acharya Balkrishna

Under the guidance of Yoga guru Baba Ramdev, Patanjali has been doing remarkable work in the food processing sector

ANI  |  Guwahati 

Patanjali Ayurved MD &  CEO Acharya Balkrishna says Patanjali has invested around Rs 50-60 crore till now
File photo of Patanjali Ayurved MD & CEO Acharya Balkrishna

Patanjali is moving forward with an aim to increase the income of farmers tenfold, said on Saturday.

Speaking at Advantage Assam-Global Investors Summit'18 in Guwahati, Balkrishna said, "Since has a target of doubling the income of farmers if and industrialists take a pledge to not let of farmers then their income can be increased by ten times within three to four years."

He added that Patanjali is marching ahead with the aim of increasing the income of farmers by tenfold.

Balkrishna highlighted the low rate of processing in

"Whereas USA process 90 percent of its food, 40 percent, 30 percent but processes only six to eight percent of its food," Balkrishna said.

Under the guidance of Yoga guru Baba Ramdev, Patanjali has been doing remarkable work in the processing sector.

"currently processes 7 crore tonnes food, and out of it, Patanjali processes around 20 lakh tonnes. Patanjali has set a target of processing one by 2020," he said.

The also highlighted the opportunities in the northeast.

"Patanjali has also started its activities in Northeast because there are many opportunities. In Northeast, around Rs, 1350 crore has been invested in industry and out of it Patanjali has invested 1200 crore," Balkrishna said.

Talking about medicinal plants, he said, " Out of world's over 3 lakh medicinal plants, around 22000 in India. There are 7000 medicinal plants are in the northeast. Out of 30 percent of available biodiversity in India, 20 families of the plant are the world's oldest. World's oldest medicinal plant family is in the northeast."

Outlining Patanjali's Corporate Social Responsibility (CSR) activities, Balkrishna said that Patanjali is also conducting a training programme for cultivation and seed banks are being established, ayurvedic college and schools, free yoga classes.

Earlier, inaugurated the summit.

The two-day event, starting today, will showcase the state's and geostrategic advantages to foreign and domestic investors.

The Summit has been organized by the Government, in association with the industry body the (FICCI), aiming to position the state as India's Expressway to (ASEAN) countries.

There are a number of focus sectors, identified by the state, which includes agriculture and food processing, organic farming, bamboo, handloom, textile and handicrafts, inland water transport, riverfront development and logistics.

First Published: Sat, February 03 2018. 17:54 IST