- November 16, 2017 / 2 min readAgreement was signed in the presence in Ramdev who founded the domestic FMCG major over a decade ago
Yoga guru Ramdev-led Patanjali group signed MoU with the Telangana government for setting up a "large" food park in the state.
TRS Lok Sabha member from Nizamabad K Kavitha along with government officials met Patanjali s top management at Haridwar, Uttarakhand, and explained them the state newly launched food processing policy.
The discussions concluded by signing an MoU between Managing Director of Patanjali Acharya Balkrishna and Managing Director of TSIIC (Telangana State Industrial Infrastructure Corp) E V Narsimha Reddy.
The agreement was signed in the presence in Ramdev, who founded the domestic FMCG major over a decade ago.
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.
State Official said in statement “The Telangana 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. Under the MoU, the Haridwar-headquartered FMCG group committed to set up a "large food park" in the state. 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.”
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