Patanjali entering textile manufacturing sector: Ramdev

Press Trust of India Indore | Updated on January 16, 2018 Published on October 23, 2016


Patanjali is entering the textile manufacturing sector, its founder Yoga guru Ramdev said 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 from the traditional kurta-pajama, it will come out with western wear 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 Patanjali group wants to throw open ₹10,000-crore income avenues to farmers in farming, milk production and other sectors in the next two-three years. Ramdev said that big economies globally were facing a slowdown, but that India’s economy stands strong. “India has all potential to become a big global manufacturing centre. We import ₹24-25 lakh crore goods that includes four lakh crore Chinese products. If we take a vow, we can turn India into a global manufacturing centre,” said Ramdev said.

He lauded Madhya Pradesh Chief Minister Shivraj Singh Chouhan saying he has come out with industry-friendly policies.

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Published on October 23, 2016
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