Patanjali to borrow Rs. 5,000 cr to fund food parks.

Patanjali Ayurved is planning to borrow about Rs. 5,000 crore to fund its mega food and herbal parks across the country, its founder Baba Ramdev said recently.

The ayurveda-to-FMCG major has been funding most of its requirements from internal accruals. But to meet the need for investment to set up the food and herbal parks in Baripada (Assam), Indore (Madhya Pradesh), Nagpur (Maharashtra), Vizianagaram (Andhra Pradesh), and Dankaur (Uttar Pradesh), it is now looking to borrow from banks.

It aims to start manufacturing in the five parks by mid-2018. Two other places where it aims to set up units are Alwar in Rajasthan and Jammu. Ramdev said its production capacity would be worth Rs. 1 lakh crore by 2021.

BS