Patanjali pulls out of proposed Rs 6,000-crore mega food processing park in UP | business news | Hindustan Times
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Patanjali pulls out of proposed Rs 6,000-crore mega food processing park in UP

Patanjali cites non-cooperation from Uttar Pradesh as reason for cancelling the proposed project. Government says it has given one more month to Ramdev’s company to meet the conditions required to get the final approval.

business Updated: Jun 05, 2018 23:28 IST
Vinod Rajput
Vinod Rajput
Hindustan Times, Greater Noida
Patanjali,food processing park,Baba Ramdev
Patanjali Ayurved managing director Acharya Balkrishna has confirmed the cancellation of the project in Uttar Pradesh. (File Photo)

Yoga guru Ramdev-promoted Patanjali Ayurved Limited announced on Tuesday that it is relocating its Rs 6,000 crore mega food park project out of Uttar Pradesh, citing lack of cooperation from the state government.

In a tweet in Hindi, the company’s managing director Acharya Balkrishna said, “Today I was informed that the central government-sanctioned mega food park had been cancelled... in the holy land of Ram and Krishna, the scheme to bring prosperity to the lives of farmers is incomplete due to the apathy of the state government.”

The Yamuna Expressway Industrial Development Authority (YEIDA) had allotted 430 acres of land for industrial use and 25 acres for institutional use to Patanjali Ayurved in 2016.

The company had said it planned to set up a university and research centre in the 25-acre plot.

“We have decided to shift the mega food park out of Yamuna Expressway area because the UP government is not in a mood to encourage us. The state government does not want farmers of this area to benefit from this project,” said SK Tijarawala, spokesperson for Patanjali.

Balkrishna told PTI that Patanjali cancelled the project because it didn’t get required clearances from the state government. The company now plans to shift the project to another state, he added, but did not disclose further details.

Infrastructure & Industrial Development Commissioner, Government of Uttar Pradesh, Anoop Chandra Pandey, said the government has not cancelled any land for Patanjali. Instead, the government has initiated the process to transfer the desired land to Patanjali and that this would be done after seeking the state cabinet’s approval in a week or so. Chief minister Yogi Adityanath had spoken to Ramdev and assured him the matter would be sorted out, an official said on condition of anonymity.

“Patanjali was given four months time to meet the conditions required to get the final approval. There are four to five conditions, including land and bank loans, which any party that wants to set up mega food park has to fulfil,” said Union food processing secretary JP Meena.

“We have not cancelled the project,” Meena clarified. “We have given one month extension to Patanjali... they have to meet the condition. In case, Patanjali does not meet the condition, we have no choice but to cancel. We have done it earlier.”

YEIDA, which controls the 165-km Yamuna Expressway connecting Greater Noida with Agra, had in November 2016 allotted land in sectors 24, 24A and 22B .

“We could not provide benefits under the central government’s food park scheme because the allotment of this land was not as per the terms and conditions of that scheme,” said Dr Prabhat Kumar, chairman, YEIDA. The UP government had given a waiver of 25 per cent on stamp duty to the company.

(With agency inputs)