Insta
Baba Ramdev with Patanjali products (Arvind Yadav/Hindustan Times via Getty Images)
Patanjali Ayurved, the Indian FMCG manufacturer co-founded by Baba Ramdev, has revealed plans to launch global operations in the next financial year (FY20), in countries including China, reports Financial Express.
The Fast Moving Consumer Good (FMCG) giant, which launched its operations in 2006, uses Ayurveda to produce herbomineral preparations. It sells a wide range of products from corn flakes to textiles, from cookies to incense sticks.
“After March, we are going to go global. The Chinese government has offered 10,000-acre land and offered money to create our products,” said Baba Ramdev in an interview to the TV news channel, Republic.
Commenting on the future roadmap of the company, the Yog Guru added, “We have a vision for 2020 - to be India’s biggest FMCG company. And for 2025, we will be the world’s biggest FMCG maker. In India, Patanjali will be bigger than the biggest FMCG maker by 2020. We have beaten 99 per cent of the companies.”
However, according to a report by Care Ratings, Patanjali’s standalone consumer goods revenue declined by 10 per cent to Rs 8,148 crore in the last financial year (FY18). This was the first such decline in the last five years.
Baba Ramdev has also revealed that his company has tied up with Jharkhand government to develop a manufacturing plant to develop organic products like honey, wheat, rice and vegetables.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest