Latest News – Fast-growing swadeshi consumer goods company Patanjali Ayurved planned to start producing at four new facilities that would come up in 500 days at an investment of Rs 5,000 crore, the company’s Chief Executive Officer Bal Krishna told Business Standard.
The Project 500 encompasses food and herbal parks in Gautam Buddh Nagar (Uttar Pradesh), Nagpur (Maharashtra), Tezpur (Assam) and Indore (Madhya Pradesh). The facility in Assam is expected to be operational by March and the other parks will start production by mid-2018.
The food park in Uttar Pradesh, which would cater to the National Capital Region, would need an investment of Rs 1,400 crore in two phases, Bal Krishna said. The first phase would be ready by Diwali, he added.
An average sales growth rate of (Read More)