Patanjali aims Rs 1 lakh crore turnover in 5 years: Baba Ramdev
By Lokmat English Desk | Published: June 17, 2023 12:17 PM2023-06-17T12:17:59+5:302023-06-17T12:17:59+5:30
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Patanjali Group aims to grow its business to Rs 1 lakh crore in the next five years. Apart from this, it has expressed its intention to bring products to the market for all types of customers. Plan to reach out to a group of customers to achieve this goal.
Meanwhile, Baba Ramdev expressed his intention to end dependence on edible oil. Due to having to import edible oil from Malaysia, Indonesia, African countries, American countries, Ukraine, Russia, the country is losing one and a half to two lakh crore rupees in edible oil.
India now produces large quantities of food grains and milk. It does not depend on other countries for this. Similarly, dependence on others has also decreased in pulses. Now this mission has to be completed for edible oil as well. 1 lakh crore turnover of Patanjali in next five years.
Group company Patanjali Foods (formerly Ruchi Soya) will play a key role in achieving the Rs 1 lakh crore turnover target. The business of Patanjali Group is to be taken up to one lakh crore rupees in the next five years. At the same time, the activities of listed company Patanjali Foods.
Patanjali Group's business has reached around Rs 45,000 crore and the group has now surpassed many multinationals. The group has been providing affordable products through Patanjali Ayurveda and now targeting the upper-middle class through Patanjali Foods.
Meanwhile, according to Baba Ramdev, 40,000 palm oil farmers have joined Patanjali so far. Their number is to be increased to 5 lakh in the coming time. In such a situation, after starting the production of palm oil in Patanjali, there were 5 lakh farmers.
Baba Ramdev said that farmers will cultivate a special type of palm oil. Therefore, more production will be available than before. This new breed of palm oil is also older than before. After starting its cultivation now, you can reap crops for up to 40 years.
Meanwhile, palm oil consumption is very high in India. It is the second largest consumer of palm oil in the world. Palm oil consumption in India is 9 million tons per year. Notably, palm oil accounts for 40 percent of India's total edible oil consumption.
