The FMCG company Patanjali Mega food and Herbal Park will be establishing a food park in Mihan Nagpur, Maharashtra.
The foundation stone for the FMCG company Park in Mihan (Nagpur) was laid by Maharashtra Chief Minister Devandra Fadnavis and Union Transport Minister Nitin Gadkari on Saturday. The production units of the company will provide employment to over 10,000 youths.
Farmers in the surrounding areas will be given soft loans for producing various agricultural products, Press Trust of Indiareported.
The food park, which will house the production units of the company, is spread across 230 acres, and will bring prosperity to farmers of the region, Baba Ramdev's associate, Acharya Balkrishna told PTI.
The FMCG company is founded by yoga guru Baba Ramdev.
In his speech, the transport minister had said that all the products of the Patanjali group will be provided an international market â€”due to the connectivity that Nagpur offers.
According to the Maharashtra CM, Patanjali had emerged as the sole entity when global bids were invited for setting up the food park. Patanjali has acquired the land for a price of Rs. 25 lakh per acre. The Maharashtra Airport Development Company (MADC) had reportedly floated two global tenders in May and July this year, but it failed to get any bidder.
In the third round, the company received the bid from Patanjali.