INDIA, December 5, 2017 (Economic Times): After shaking up the FMCG (fast moving consumer goods) sector, yoga guru Ramdev’s Patanjali Ayurved is headed to the infrastructure sector. It plans to diversify into solar power equipment manufacturing, a burgeoning sector that is largely dependent on Chinese imports. “Getting into solar is in line with the swadeshi movement. With solar, each household in India can have power supply, and we are here to make that happen,” Acharya Balkrishna, managing director of Patanjali Ayurved, said in an interview to Mint. Patanjali plans to invest around US$15.5 million in solar equipment manufacturing and its factory in Greater Noida is expected to be fully operational within the next couple of months.
A daily summary of world news for Hindus and non-Hindus alike