Yoga guru Baba Ramdev’s Patanjali Ayurved is looking to set up a manufacturing facility near Delhi to cater to the growing demand for its FMCG products in the northern market. The factory is likely to come up alongside the proposed Patanjali University campus on the Yamuna Expressway in Uttar Pradesh.
The company is in discussion with the Yamuna Expressway Industrial Development Authority (YEIDA) to buy a 200-acre plot for around Rs 320 crore, said people in the know. For the university, it is seeking to buy around 150 acres for Rs 240 crore. “They are in talks with us to take industrial land to set up a factory and institutional land to set up a university. Once they decide, they will apply for allotment of land,” said YEIDA Chief Executive Arun Vir Singh. According to credit ratings firm Brickwork Ratings, Patanjali Ayurved’s provisional turnover in the first 10 months of FY16 was Rs 3,266.97 crore, compared with Rs 1,587.51 crore in the same period in the previous year.