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Patanjali group to set up food park in Telangana

Press Trust of India  |  Hyderabad 

Yoga guru Ramdev-led Patanjali group today signed an MoU with the for setting up a "large" food park in the state.

member from Nizamabad K Kavitha along with officials Patanjalis top management at Haridwar, Uttarakhand, today and explained them the states newly launched food processing policy, an official release said here.

"The team highlighted the bountiful availability of raw material such as turmeric, chillies, maize and soybean (in Telangana). Further, procurement opportunities for citrus fruits and other commodities were also discussed for various Patanjali products," it said.

The discussions concluded by signing an MoU between Managing Director of Patanjali Acharya Balkrishna and Managing Director of TSIIC (State Industrial Infrastructure Corp) E V Narsimha Reddy.

Under the MoU, the Haridwar-headquartered FMCG group committed to set up a "large food park" in the state, it said.

The agreement was signed in the presence in Ramdev, who founded the domestic FMCG major over a decade ago.

The proposed park could consist of units for edible oil, fruit pulp and spices processing. The group also expressed interest in developing indigenous seed varieties and animal feed value chain in Telangana, the release added.

The group had earlier committed an overall investment of more than Rs 10,000 crore countrywide at the global food processing fair, 'World Food India', organised in New Delhi.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 15 2017. 19:57 IST