Baba Ramdevâ€™s FMCG behemoth Patanjali will be setting up a mega food park in Chinnaraopalli village, Vizianagaram in Andhra Pradesh.
The Patanjali Food and Herbal Park will be spread across 172.84 acres with an investment of Rs 634 crore. Baba Ramdev met with AP CM Nara Chandrababu Naidu on Thursday to discuss the same.
The food park is expected to provide an employment opportunity to 33,400 people. Patanjali Ayurved will be the sole promoter for establishment of the project.
According to a statement from the CMâ€™s office, crops including barley, rice, sesame, maize, jowar, pomegranate, mango, chilli, onion, ginger, peas, potato, turmeric, pulses, red gram and papaya will be processed in the unit.
The facility will have an IQF freezer for fruits and vegetables, aseptic filling and pulping line, pre-cooling and ripening chambers, cold storage with blast freezer, drying grinding, grading packing facility for spices and grains and a dry warehouse.
The plant will also have a juice extraction unit, which will have a capacity of 1,500 MT per day and a total of Rs 45.20 crore will be invested for this. Processing unit of juice, biscuits, noodles, frozen vegetables and spices will be set up.
Patanjali also signed a memorandum of understanding (MoU) with the Telangana government, in the presence of Nizamabad MP Kavitha Kalvakuntla, to set up a food processing unit in the state with an investment of nearly Rs 1000 crore. According to reports, the MoU stated that the FMCG company will work in five sectors including organic farming, herbs, branding and marketing of coarse cereals, establishment of Ayush villages in state and opening of a dairy facility. However, there has been no update on its progress.
Having started with a few ayurvedic food items, Patanjali has forayed into nearly every segment, including staples, food, personal care, homecare and apparels.
By the end of financial year 2016, Patanjaliâ€™s revenues had grown to Rs 10,000 crore from Rs 500 crore in FY12. Baba Ramdev had set a target a turnover of Rs 20,000 crore by 2020. However, in the last financial year, which ended in March 2018, the company witness decline in its sales by over 10% to Rs 8,148, a first since 2013.