Get live News Updates visit us at Ripples Advisory or One Missed Call on @98-27-80-80-90 Patanjali Ayurved, promoted by yoga guru Ramdev, may announce an investment of Rs 1,600 crore shortly for setting up a herbal food park in Noida in the poll-bound Uttar Pradesh to meet its domestic as well as global demand.
"It is almost finalised now. You may see an announcement by Patanjali Ayurved for an investment of around Rs 1,600 crore in Noida for setting up a food processing plant around Diwali," a senior UP government official privy to the development said. "As far as investments in the state are concerned, the Uttar Pradesh government is fair and transparent for promoting industrialisation which will create jobs."
There were speculations that Patanjali will announce its investment in Uttar Pradesh after the assembly polls in March next year. However, the company officials have also confirmed the development, saying the procedure for identification of the land is at an advanced stage and the unit can be near Yamuna expressway.
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