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Posted at: Sep 10, 2016, 1:02 AM; last updated: Sep 10, 2016, 1:02 AM (IST)

UP clears Rs 2,000-cr Patanjali project

Mega food park

  • Two stretches of land, totalling 400 acres, have been identified in sectors 22E and 24A of Greater Noida on the Yamuna Expressway for setting up of a Super Mega Food and Herbal Park
  • The project would receive incentives such as 150% VAT concession, 50% EPF contribution for three years (after three years of operation), 5% infrastructure interest subsidy and 5% capital investment subsidy
  • The state government has also committed 100% electricity duty exemption and 24x7 power supply to the units

Lucknow, September 9

Baba Ramdev’s Patanjali Ayurveda Limited (PAL) is set to launch an ambitious Rs 2,000-plus crore ($300 million) project in Uttar Pradesh.

Officials say the proposal has found “favourable response” from the SP government and has, in fact, received the nod of Chief Minister Akhilesh Yadav. It will now be taken to the state cabinet next week for approval. 

Chief Secretary Singhal said the venture was first of its kind aiming at integrating farmers to the markets and the wider world. “Chief Minister Akhilesh Yadav has been telling us to ensure that all development projects and investments have something substantial to offer and the Patanjali project is one such,” he added.

Sources said two stretches of land, totalling 400 acres, have been identified in sectors 22E and 24A of Greater Noida on the Yamuna Expressway for setting up of a Super Mega Food and Herbal Park, and at the villages of Safa and Moza in Jhansi. — PTI

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