Patanjali set to enter textile manufacturing sector: Ramdev

Patanjali is entering the textile manufacturing sector, its founder Yoga guru Ramdev said on Saturday and expressed hope that the group’s growth rate will swell to 200 per cent in the next fiscal. 

Patanjali group will make a big venture in textile manufacturing sector and apart of traditional kurta-pajama, it will come out with foreign wears like jeans, Ramdev said at the inaugural function of the two-day Global Investors’ Summit here. 

“Our growth rate is 100 per cent in the current fiscal, which is going to climb to 200 per cent in the next financial year,” he said. He said that the Patanjali group wants to throw up Rs 10,000 crore income avenues to farmers in farming, milk production and other sectors in the next two-three years.

Ramdev said that the big economies globally were facing a slowdown but our economy stands strong. “India has all potential to become a big global manufacturing centre. We import Rs 24 lakh crore-25 lakh crore goods that include 4 lakh crore Chinese products. If we take a vow, we can turn India into a global manufacturing centre.”

He lauded Madhya Pradesh Chief Minister Shivraj Singh Chouhan, saying that MP has immense potential in the herbal, farming and food processing sectors. 

Recently, Patanjali Ayurved acquired 40 acres of land for setting up a Rs 500-crore food processing unit at Pithampur Industrial area in Dhar district.