Patanjali looks at doubling production in a year

New Delhi May 4 (IANS) Baba Ramdev-promoted Patanjali Group will double its production capacity from Rs 30 000 crore now to Rs 60 000 crore in a year.

Currently Patanjali is manufacturing goods worth Rs 30 000 crore which will be increased to more than Rs 60 000 crore next year Ramdev said here at a press meet on Thursday.

The Haridwar-based fast moving consumer goods (FMCG) company also plans to double its distribution channels from 6 000 to 12 000 this year.

The group has a yearly turnover Rs 10 561 crore out of which Ayurveda comprises Rs 9 346 crore Divya Pharmacy Rs 870 crore and Patanjali Gramodyog Rs 345 crore.

Talking about Prime Minister Narendra Modi and his involvement with the company Ramdev clarified: Modi is not endorsing Patanjali. I am a citizen of this country he is as much mine as he is of the nation.

Asking people not to connect Modi with Patanjali he added: Modi is not a brand ambassador for Patanjali he in India s brand ambassador.

--IANS
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