Patanjali successfully bids for food park at MIHAN

This project is a part of MADC’s efforts in the development of the Vidarbha region.

The Dollar Business Bureau

 

Patanjali Ayurved Ltd, the FMCG company founded by Baba Ramdev, has successfully submitted a proposal to set up a modern food park at Multi-modal International Hub Airport at Nagpur (MIHAN). 

Earlier, Maharashtra Airport Development Company (MADC) had floated two global tenders this year, one in May and the other in July, but has not been able to get a bidder. 

MADC has floated the tenders for the third time and got Patanjali Ayurved Ltd as the qualified bidder, the state-owned agency said in a press release on Friday.  

The state-run agency has taken a decision to create agro, herbal, food and forest-based industrial parks, spreading across a 230-acre land in MIHAN. 

This project is a part of MADC’s efforts in the development of the Vidarbha region. 

As per the conditions put by the Company, a bidder should have at least an annual turnover of Rs.300 crore from agro, herbal, forest and food-based processing businesses in the past three years. The bidder should also have a net worth of Rs.75 crore in the last fiscal year, the company release said. 

Haridwar-based FMCG firm Patanjali Ayurved Ltd has successfully bid for the project, it said. 

MADC wanted that the park developer will commit to source raw materials upto a minimum value of Rs.100 crore per year from the farmers and members of the tribal community who are living in the surrounding areas of MIHAN. 

The other condition for the bidders was that they should commit to providing training to at least 1,000 farmers every year all over Maharashtra in order to improve quality, productivity and market intelligence, and to prepare them for agro-business development.

The Dollar Business Bureau - Aug 12, 2016 12:00 IST
 
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