Patanjali Ayurved will invest more than Rs. 1,150 crore in the current fiscal for setting up six processing units as well as an R&D center. The FMCG venture is targeting a Rs 10,000 crore turnover this year. The unit will be set up in Madhya Pradesh, Haryana, Assam, Uttar Pradesh, and Maharashtra.

Yoga guru Ramdev who promotes Patanjali Ayurved said, “We will invest Rs. 1,000 crore to set up 5-6 processing units in various parts of the country. Apart from this, we will invest Rs 150 crore in research and development (R&D). We are looking at doubling our turnover to Rs. 10,000 crore in the current fiscal year.”

“We are looking at setting up units in drought-hit areas such as Vidharbh in Maharashtra and Bundelkhand region in Uttar Pradesh and Madhya Pradesh. At least four of these units will become operational by the end of this fiscal,” Acharaya Balkrishnan, Patanjali Ayurved Managing Director, said.

A turnover of Rs. 5,000 crore was reported by Patanjali in the last fiscal year.

“To reach our growth target, we will venture into new categories such as dairy, animal feed and khadi garments for yoga. We will enter dairy segment this year with the launch of milk, cheese, butter milk and paneer,” Ramdev said.

The company is working towards the exports increase as well as online presence. Ramdev said that the online sales will increase further as the company expands.

- Sumana