Coming next year, Patanjali clothes from coat to langot
Next year, we will be making a foray into the textile (sector) on a big scale. People are only talking about jeans, but we plan to make the complete range including kurta pajama, saree, coat and langot. RAMDEV, yoga guru, Patanjali founder
INDORE: Yoga guru Ramdev announced on Saturday that his Fast-Moving Consumer Goods (FMCG) company, Patanjali, will now venture into the textile sector and manufacture apparel from ‘coat to langot (undergarment)’.
“Next year, we will be making a foray into textile on a big scale. People are only talking about jeans, but we plan to make the complete range including kurta pajama, saree, coat and langot,” he said while addressing the gathering at the inaugural session of Global Investors Meet in Indore.
He claimed that his 10-yearold company was growing at a rate of 100% while other FMCG firms were registering singledigit growth.
Ramdev left the audience in splits by taking a dig at some of the top industrialists present on the dais and his rival companies.
Taking a jibe at Hinduja Groups’ GP Hinduja, the yoga guru said, “He gave a long lecture but did not say how much he will invest”.
Ramdev, who took to the stage right after Sun Pharmaceutical chairman Dilip Shanghvi, said his aim was to help people save thousands of crore that they spend on medicines.
Then looking at Sanghvi he said, “This (statement) is not meant to target you”.
Ramdev said Patanjali would take up initiatives in the fields of herbal medicine, natural beverages, natural foods, home care and also dairy in Madhya Pradesh.
“In food processing sector, we will be dealing in a number of commodities so as to generate employment for 10,000 people and provide benefit to farmers by `10,000 crore,” he said.
The yoga guru also trained his guns on senior state government officials, stating that the principal secretary (industry) had allocated only 40 acres land for an upcoming Patanjali plant in Pithampur.
“We need more land for our plans. We are used to playing kabbadi in 40 acre,” he said.
Ramdev said his aim was to make India the biggest exporter and MP a major manufacturing hub. Patanjali Ayurvedic Limited registered a growth of 150% in the previous year, taking its net worth to `5,000 crore in 2015-16 as compared to `2,000 crore in the previous financial year.
Ramdev predicted that the growth of the Patanjali brand would hurt the market share of existing FMCG majors.