Patanjali to make big foray into textile sector, says Baba Ramdev
Yoga guru Baba Ramdev on Saturday left the audience in splits with his witty and sarcastic speech at the inaugural session of global investors meet in Indore. He also announced that, everything from coat to langot (undergarments), textile was the next big focus for his Patanjali group.business Updated: Oct 22, 2016 23:21 IST
Yoga guru Baba Ramdev on Saturday left the audience in splits with his witty and sarcastic speech at the inaugural session of global investors meet in Indore. He also announced that, everything from coat to langot (undergarments), textile was the next big focus for his Patanjali group.
“Next year we will be making foray into textiles on a big scale. People are only talking about jeans, but we plan to make the complete range, including kurta pajama, saree, coat and langot,” he said.
Baba Ramdev, who was in his elements, took a dig at some of the top industrialists present on the dais and also his rival companies. He said Patanjali was growing at 100% while other FMCG companies were growing in single digits.
Looking at GP Hinduja, Ramdev said, “He gave a long lecture but did not say how much he will invest”.
The baba, who spoke immediately after Sun Pharma chairman Dilip Sanghvi, said his aim is to save thousands of crores that people spend on medicines. Then, looking at Sanghvi, he said, “This (statement) is not meant to target you”.
The yoga guru said Patanjali will be working in the sectors of herbal medicine, natural beverages, natural foods, home care and also dairy in Madhya Pradesh.
“In the food processing sector, we will be dealing in a number of commodities so as to generate employment for 10,000 people and benefit farmers by Rs 10,000 crore,” he added.
He did not spare even senior government officials and singled out the principal secretary (industry), saying he had allocated only 40 acres land for the upcoming Patanjali plant in Pithampur. “We need bigger land for our plans. We are used to playing kabbadi on 40 acres,” Baba said.
Baba said his aim was to make India the biggest exporter and MP a major manufacturing hub.
The turnover of Patanjali Ayurvedic Limited grew 150% to more than Rs 5,000 crore in 2015-16 from about Rs 2,000 crore the previous year, and the Baba predicts the growth of the brand would hurt the market share of existing FMCG majors.
First Published: Oct 22, 2016 17:56 IST