Concept BIU -
AIMA

Patanjali Will Be A Rs 2 Lakh Crore Brand In 5 Years, Says Baba Ramdev

Publication - NDTV Profit

Publish Date - 28 Sep 2017

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Source - PTI

Word count - 412

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Edition - Online Web

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Language - English

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Patanj

ali Ayurv

ed will be a Rs. 2 lakh crore brand

in the next fiv

e years as it

plans to foray into new v

erticals and

open new integrated foo

d parks and

manufacturing unit

s, it

s founder yoga guru Baba Ramdev

said today.

He further said that the FMCG

maj

or will hav

e a manufacturing capacit

y of Rs. 1 lakh crore in the next two years.

The Haridwar-based firm is aiming to hav

e a 1 lakh crore sales turnov

er in the next fiv

e years as it

is expand

ing product portfolio. 

Patanj

ali is considering a loan of Rs. 5,000 crore to fund it

s immediate expansion plans.

"We are working in sev

eral v

erticals which hav

e a market size of ov

er Rs. 10 lakh crore and

Patanj

ali has a market share of 10-20 per

cent (in that)... in the next three to fiv

e years, Patanj

ali would be ov

er Rs. 1 lakh crore brand and

there should be no surprise in it

," Ramdev

said at an AIMA

ev

ent here.

The company, which had

reported a turnov

er of Rs. 10,561 crore in FY2016-17, is pres

ently setting up mega unit

s at v

arious places like Noida, Nagpur, Indore and And

hra Prad

esh.

"We will hav

e a production capacit

y of Rs. 1 lakh crore in the next two years," Ramdev

said, ad

ding that by 2018-19, Patanj

ali will be ahead

of many riv

als in the FMCG

sector, surpassing many multi-national brand

s in the country.

"We hav

e a production capacit

y of Rs. 15,000 crore at Haridwar and

hav

e alread

y start

ed oper

ation at Tezpur, Assam which has a production capacit

y of Rs. 25,000 crore," he said.

Besides, the company is also hav

ing 50 small unit

s, which are manufacturing small goods as papad

, pickles, mustard oil

, salt

, j

am etc, he ad

ded. "We do not want to bring prosperit

y at one single place. We want to hav

e a decentralised, sustainable and

inclusiv

e growth of the society," he ad

ded.

Besides, Patanj

ali is foraying into segments as denim, drinking water

, securit

y serv

ices and

dairy products etc.

The company as part of it

s expansion plans is also considering to borrow Rs. 5,000 crore from the banks.

"We hav

e taken a loan of Rs. 500 crore init

ially and

now I hav

e to take loan of Rs. 5,000 crore for my expansion plans," he ad

ded.

He also requested the gov

ernment to reduce the tax

burden on certain dairy products like ghee so that a large section of people could be benefit

ed from this. "Earlier, ghee was tax

ed around 5-6 per

cent and

now under GST

, it

is tax

ed at 12 per

cent on GST

," he said.