Patanjali group to set up food park in Telangana

"The Telangana team highlighted the bountiful availability of raw material such as turmeric, chilies, maize, and soybean (in Telangana). Further, procurement opportunities for citrus fruits and other commodities were also discussed for various Patanjali products," it said.

The discussions concluded by signing a MoU between Managing Director of Patanjali Acharya Balkrishna and Managing Director of TSIIC (Telangana State Industrial Infrastructure Corp) E V Narsimha Reddy.

Under the MoU, the Haridwar-headquartered FMCG group committed to set up a "large food park" in the state, it said.

The agreement was signed in the presence of Ramdev, who founded the domestic FMCG major over a decade ago.

The proposed park could consist of units for edible oil, fruit pulp, and spices processing. The group also expressed interest in developing indigenous seed varieties and animal feed value chain in Telangana, the release added.

The group had earlier committed an overall investment of more than Rs 10,000 crore countrywide at the global food processing fair, 'World Food India', organized in New Delhi.