Patanjali Ayurved Company promoted by Baba Ramdev is now giving attention to the agriculture and food processing sector. It seems that they are going to introduce several products from the segment in the coming future. The company working with farmers on the ground is now encouraging them to go for organic farming among them.
Baba Ramdev told one of our sources that now we are focusing more on agriculture and solar energy sector. The agriculture has a wide extent and Patanjali would work in several directions in the sector.
He also said that now we are encouraging farmers who are doing organic farming and we are also planning to launch products based on organic farming in near future. We are also working on food processing and we will put all our efforts into this.
The Patanjali Ayurved Company launched cow milk and milk-based dairy products and is also planning to launch its clothing brand ‘Paridhan’. Ramdev added that we are planning to open at least 100 stores before March 2019 on the sideline of an event organized by FICCI Ladies Organisation, the women business wing of the trade body.
When asked about the matter Patanjali’s bid to acquire the debt-ridden firm Ruchi Soya, where it was challenging with Adani group firm Adani Wilmar, Ramdev refused to say anything on that matter.
He said that the matter is still pending with the court (NCLT Mumbai), Adani Wilmar and Patanjali group have been occupied in a long-drawn conflict to take over Ruchi Soya.
He also talked about the growth of the company this year and said that we expect this year to be good. Rs 12,000 crore is a decent amount and we would grow forward from here. We are planning to make Patanjali as one of the leading FMCG Company across the world.
One thing he stressed on was that Patanjali would not go for foreign equity and won’t be listed on any stock exchange because it is a charitable firm. Baba Ramdev who had enthusiastically campaigned for the BJP in 2014 Assembly polls said that in the upcoming assembly elections of 2019 he would be unbiased.