TO INVEST 1,000 CR IN AP…

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Well konwn,Patanjali Ayurved will invest Rs 1,000 crore in Andhra Pradesh in agro-based food processing, cattle breeding and a research and development in Ayurveda, said its co-founder Acharya Balakrishna.The fast-moving consumer group signed an MoU with the state government on the concluding day of the Partnership Summit here on Saturday.Baba Ramdev established the Patanjali Ayurved Limited in 2006 along with Balakrishna with a mission of establishing science of Ayurveda in accordance and coordination with the latest technology and ancient wisdom.The products are in the categories of personal care and food. The company manufactures 444 products including 45 types of cosmetic products and 30 types of food products.

Talking to this correspondent after signing the MoU, Balakrishna said all the products manufactured by Patanjali are made from Ayurveda and natural components.The company also launched beauty and baby products and it is producing over 300 medicines for treating a range of ailments and body conditions, “Chandrababu himself admires Ayurvedic products and agreed to provide sufficient infrastructure and land for manufacturing our products.

We have seen two places — one in Vizianagaram and the other in Nellore district,’’ he said. Patanjali will help small and medium farmers Vizianagaram district for growing medicinal plants for which the organization will provide input costs.Whatever, the company earns will be ploughed back to the farmers, he said. A cattle breeding centre is planned at Nellore and a research and development center on Ayurvedic medicines is being proposed at Tirupati for which negotiations are on with TTD authorities, he added.

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