Patanjali targets 150 percent growth in 2016-17

Patanjali Ayurved is expecting 150 percent growth in 2016-17, reaching an over Rs.10,000 crore turnover in the current fiscal, its founder yoga guru Ramdev said here on Tuesday.

"We are targeting to cross Rs.10,000 crore turnover in the current fiscal from Rs.5,000 crore in 2015-16. We will grow by 150 percent this year," Ramdev told reporters at a press meet.

The company will be investing Rs.1,000 crore this year in setting up five to six new processing units of its various products in different states.

"We will set up five to six processing units in Assam, Maharashtra, Madhya Pradesh, Rajasthan, Haryana and Uttar Pradesh. Out of these, four will be fully functional within this year," Acharya Balkrishna, managing director of the company, said.

--IANS

mm/ag/dg