After giving strong competition to MNC’s in India with its Ayurvedic & herbal household products, Baba Ramdev’s Patanjali is now experimenting into new avenues. It will now enter the textile manufacturing market, according to ANI. Baba Ramdev said
“Patanjali will make everything from underwear to ethnic and sportswear soon.” “Patanjali will soon get into garment and textile market and break the stronghold of foreign manufacturers,”
Ramdev Baba said during the inauguration ceremony of Patanjali Gramodhyog in Alwar, Republic revealed. In the recent survey CEO of Patanjali Ayurved Ltd, Balkrishna, was named the 8th richest Indian and the profit earned by Acharya Balkrishna is for helping the needy and not for luxury, Ramdev baba said, as per ANI.
Also, It recently announced the launch of its packaged drinking water called as ‘Divya Jal’ and there were reports of the homegrown business group making an entry in dairy as well. The firm which clocked income of Rs 10,561 crore in 2016-17 has quickly grown to the number 2 FMCG brand in India after Hindustan Unilever.
Earlier, SK Tijarawala Patanjali spokesperson, said that Patanjali will be starting its line of ‘Swadeshi’ apparel, with an initial sales target of Rs. 5, 000 Crore, Through this new investment, the company aims to bring a great quality of clothes to the masses, including knitwear and denim, the report said. Patanjali is also reportedly in talks with several investment banks to raise structured credit worth Rs 1,000 crore to fund its expanding interests.
Patanjali Group is also reportedly in discussions with several investment banks to raise structured credit worth Rs 1,000 crore to fund its expanding interests.
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