Patanjali Signs Rs 671 Crore Pact with Chattisgarh Government

The Chhattisgarh government has signed memorandum of understanding (MoU) with three food processing firms, including Baba Ramdev's Patanjali Ayurved, to set up processing units at an estimated investment of Rs 762.80 crore.

The pacts were signed with Patanjali Ayurved Limited, Manorama Industries Private Ltd and Aakriti Snacks Private Limited during a meeting held at the official residence of Chief Minister Raman Singh.

CM Of ChattisGarh said "As a part of the three pacts, food industries will be set up with an investment of Rs 762.80 crore, and is likely to provide employment, directly or indirectly, to over 24,000 people. Chhattisgarh government has given top priority to the food processing sector in its industrial policy and every facility required will be provided to those willing to invest in this sector".

An official said that the MoU signed with Patanjali Ayurved was worth Rs 671 crore under which an agriculture and herbal processing unit would be set up in Bijetala village of Rajnandgaon district.

Head of Patanjali Ayurved Acharaya Balkrishna, Ashish Saraf of Manorama Industries and Ashish Agrawal of Akriti Snacks signed the agreement for their respective firms while Special Secretary, state industry department Kamalpreet Singh signed on behalf of the state government.