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YEIDA gives nod to Patanjali’s mega Food Park in Greater Noida

Yamuna Expressway Industrial Development Authority issued a reservation letter to yoga guru Baba Ramdev for setting up a manufacturing unit — Patanjali Ayurved—in its area.

Yamuna Expressway Industrial Development Authority (YEIDA) on Thursday issued a reservation letter to yoga guru Baba Ramdev for setting up a manufacturing unit — Patanjali Ayurved—in its area. YEIDA has also received nearly Rs 30 crore from the yoga guru towards the allotment. Uttar Pradesh Chief Minister Akhilesh Yadav is likely to lay the foundation stone for the facility on Nov 30.

As per YEIDA officials, Patanjali group has to deposit another Rs 86 crore in the next 60 days. The factory—which will cater to the growing demand for its FMCG products in the northern market—will come up alongside a proposed Ayurveda University or health center across 455 acres of land.

While 430 acres of land will be used for industrial purposes, a 100% manufacturing unit, 25 acres will be used for institutional purposes. Land has been earmarked in sectors 22E and 24A in the YEIDA area for the project.

The Haridwar-based FMCG company promoted by the yoga guru plans to invest more than Rs 1600 crore in the facility. While direct employment will be generated for at least 10,000, indirect employment will be for about 75,000 people.

Update as on November 16:

Akhilesh to lay foundation stone for Ramdev’s Patanjali Ayurved

Uttar Pradesh CM Akhilesh Yadav is likely to lay the foundation stone for yoga guru Ramdev’s Patanjali Ayurved, a manufacturing facility in the Yamuna Expressway Industrial Development Authority (YEIDA) area, on November 30. The ceremony will however take place virtually from Lucknow, sources inform. The factory—which will cater to the growing demand for its FMCG products in the northern market—will come up alongside a proposed Ayurveda University, or health center, across 455 acres of land.

According to YEIDA officials, while 430 acres will be used for industrial purposes and a manufacturing unit, 25 acres will be separated for institutional use. “Land has been earmarked in sectors 22E and 24A of the YEIDA area,” Amarnath Upadhayay, Additional CEO, YEIDA, told TOI. “The ‘Super Mega Project’ is the result of the incessant efforts of the chairperson and CEO of YEIDA as well as the state government to provide a much-needed economic boost to the YEIDA area,” he said.

The company plans to invest more than Rs 1,600 crores in the facility,” he added, saying that the state government has also offered the guru a 25% rebate in land rates besides a host of other concessions. “Ramdev has prepared a comprehensive plan for the development of health, education, agriculture and industry sectors. We expect employment generation for several thousand people, apart from the investment.