Louis Vuitton eyes investing over Rs 3,000 crore in Patanjali

New Delhi, January 11

Louis Vuitton, the French luxury group LVMH Moet Hennessy, has said that they were keen on investing 500 million US$ (Rs 3,250 crore) in Patanjali.

On twitter, Patanjali spokesperson SK Gupta Tijarawala, said, “Acharya Balkrishna (MD of Patanjali) has said that just as we use foreign technology for our development, we do not hesitate to use foreign funds for the benefit of our country, but we will take it on our own terms and will not give share/stake.”

फ्रांस के लक्जरी ग्रुप LVMH ने #पतंजलि में $500मिलियन (₹3250करोड़) निवेश करने की इच्छा जताई तो @Ach_Balkrishna जी ने कहा जैसे हम विदेशी तकनीक का उपयोग प्रगति के लिए करते हैं वैसे हमें राष्ट्र हित के लिए विदेशी पूंजी से परहेज़ नहीं, पर लेंगे अपनी शर्तों पर..शेयर/स्टेक नहीं देंगे pic.twitter.com/4ae8TbyZTh

— tijarawala sk (@tijarawala) January 11, 2018

In the news clipping attached in the tweet, Balakrishna is quoted as saying that the company needs "Rs 5,000 crore to set up plants in Nagpur, Greater Noida, Assam, Chhattisgarh, Andhra Pradesh, Telangana, Haryana and Rajasthan for cultivation of aromatic and herbal plants on 10,100 acres". ANI