Patanjali Lands 671 Crore Pact For Chhattisgarh Food Unit

Baba Ramdev’s Patanjali is in the news yet again, this time because they have signed a massive crorepathi deal with the Chhattisgarh government, along with two other companies to set up food processing units that come to an investment of Rs 762.80 crore.

According to ETRetail, the pacts were signed last night with Patanjali Ayurved Limited, Manorama Industries Private Ltd, and Aakriti Snacks Private Limited during a meeting held at the official residence of Chhattisgarh Chief Minister Raman Singh, an official said today.

Top Priority Given To Food Processing Sector

As a part of the three pacts, food industries will be set up with an investment of Rs 762.80 crore, and is likely to provide employment, directly or indirectly, to over 24,000 people, the CM said.

An official said that the MoU signed with Patanjali Ayurved was worth Rs 671 crore under which an agriculture and herbal processing unit would be set up in Bijetala village of Rajnandgaon district.

Manorama Industries, the official said, would as part of the agreement, set up a unit of butter products based on sal seeds and mangoes in Rasni-Urla area at a cost of Rs 76 crore.

Similarly, Akriti Snacks will expand its Kolar (Raipur district) based unit and set up toast, bread and bakery production units by investing Rs 15.80 crore, he said.

“The Chhattisgarh government has given top priority to the food processing sector in its industrial policy and every facility required will be provided to those willing to invest in this sector,” Singh said.

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