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Patanjali cancels proposed Rs 6,000-cr mega food processing park in UP

Baba Ramdev’s Patanjali Ayurved today said it is pulling out of its proposed Rs 6,000-crore mega food processing project along the Yamuna Expressway in Uttar Pradesh, citing non-cooperation from the state government. However, the UP government said it has given one more month to Patanjali to meet the conditions required to get the final approval.

The Yamuna Expressway Industrial Development Authority (YEIDA) could not get the required clearances for transfer of land from the state government, said a top company official.

The Hairdwar-based company had proposed to invest up to Rs 6,000 crore to set up a plant in 425 acres of land at YEIDA to cater the domestic and export markets through its step-down firm Patanjali Food & Herbal Park.

Confirming the development, Patanjali Ayurved Managing Director Acharya Balkrishna told PTI: “We are cancelling the project as we did not get required clearances from the UP state government.”

This article was first published on http://www.wakeuppost.com.

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