Riding high on the popularity of Indian products, Yoga guru Swami Ramdev said by 2018-19, his fast-moving consumer goods (FMCG) company, Patanjali, will overtake Unilever and others and by 2020-21 Patanjali would become the world's largest leading FMCG brand.
"In the next two years, Patanjali will create nearly Rs 1 lakh crore production capacity. Presently our Haridwar facility has Rs 15,000 crore production capacity and the Tezpur facility has Rs 25,000 crore capacity. Our new facilities are coming up in Noida, Nagpur, Indore and Andhra Pradesh very soon. We have 50 small units where we make edible oils, salt, etc. Even if we attained Rs 1 lakh crore production capacity, it will be hardly 10 percent of the total market size of Rs 10 lakh crore,"
"By 2018-19, Patanjali will overtake Unilever and others as the topmost brand, and by 2020-21 Patanjali plans to become the world's largest FMCG brand," he added.They have already prepared a plan of succession for his Rs 10,000 crore Patanjali group, saying that his "successor" will be a team of nearly 500 sadhus trained by him.
Ramdev also appealed to finance minister Arun Jaitley to lower the Goods and Services Tax (GST) on cow ghee and butter, that has been raised from 5 percent to 12 percent. "It was not a gift given to a beggar. I paid 100 percent for whatever land I bought. I am ready to give Rs 12 lakh subsidy, come and set up a plant there."
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