Government of India signs an MOU of rupees 10,000 crores with Patanjali

Today at the World Food India 2017 a memorandum of understanding (MoU) of Rupees 10, 000 Crore was signed between the Government of India (GoI) and Patanjali.

The MoU was signed by Managing Director of Patanjali, Acharya Balkrishna and Harsimrat Kaur Badal, the Union Cabinet Minister of Food Processing in the Government of India.

Acharya Balkrishna said, “World Food India 2017 is a great initiative. This will generate new opportunities. This event will help people.”

He then added, “In our country, there are lots of issues, and adulteration in food is one of them. Duplicity is more dangerous than adulteration. Even foods not been handled properly in one of the issues. Hope steps will be taken up to deal with all these problems.”

Meanwhile, Harsimrat Kaur Badal, the Union Cabinet Minister of Food Processing also stated, ” This event that has brought together stakeholders from all food value chains to collaborate and also to increase food processing in India.”

To which she then added, “Since food processing sector is the largest employment generator, so youngsters of our country will get access to employment. Besides generating revenue, this will also help in the development of the country.”

The World Food India 2017 organised at Delhi’s Vigyan Bhawan was inaugurated by Prime Minister Narendra Modi earlier in the day.

The three-day-long event, organised by the Ministry of Food Processing Industries, is set to host a congregation of global investors and business leaders of major food companies from November 3 to 5 in New Delhi.

Earlier in October, Patanjali climbed from 45th place last year to 19th this year, in the Forbes magazine’s Annual India Rich List 2017.