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Louis Vuitton eyes investing over Rs 3,000 cr in Patanjali

  •   Thu, Jan 11 2018 11:50:43 AM

New Delhi, Jan 11 (Zee News): French luxury group LVMH Moet Hennessy - Louis Vuitton, also known as Louis Vuitton or LVMH, is willing to invest a mammoth 500 million USD (Rs 3250 crore) in Patanjali Ayurveda.

Patanjali spokesperson SK Gupta Tijarawala conveyed the information on Twitter on Thursday, and added, "Acharya Balkrishna (MD of Patanjali) has said that just as we use foreign technology for our development, we do not hesitate to use foreign funds for the benefit of our country, but we will take it on our own terms.will not give share/stake."

In the news clipping attached in the tweet, Balakrishna is quoted as saying that the company needs "Rs 5000 crore to set up plants in Nagpur, Greater Noida, Assam, Chhattisgarh, Andhra Pradesh, Telangana, Haryana and Rajasthan and for the cultivation of aromatic and herbal plants on 10,100 acres".

Riding high on the popularity of desi products, Yoga guru Ramdev had earlier said that by 2018-19, Patanjali, will overtake Unilever and others and by 2020-21 Patanjali would become the world`s largest his fast-moving consumer goods (FMCG) brand.

The yoga guru, who along with his associate Acharya Balkrishna, has created the massive FMCG group Patanjali within a short span of time, outlined his future plans, while indicating that his group would soon start selling jeans, trousers, kurtas, shirts, suitings, sportswear and yoga wear.
  

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Comment on this article

  • Ahmed K. C., Mangalore

    Thu, Jan 11 2018

    Looks like Dhan aanewala hain, 15 lakh milne wala hain.

    DisAgree [2] Agree [5] Reply Report Abuse

  • prem, moodbidri

    Thu, Jan 11 2018

    Louis Vuitton becoming "Swadesi" soon???

    DisAgree Agree [2] Reply Report Abuse

  • Amith, udupi

    Thu, Jan 11 2018

    How to sell a nation

    1. give free land to baba ramdev ..10000 of acres in various states in the name of ayurveda

    2. Since yoga and ayurveda is tax free .. take party fund from him and use him to your benefit

    3.plant faux stories on nestle and other brands and take over the market share using your fake products

    4. allow FDI ...so a company like LV will invest and slowly buy out all shares and will get land worth multi crore which the govt had given to patanjali free ...and change the brand name after a few years and buy our nation


    Bhakts : Modi Modi Modi ...patanjali became LV


    same will happen with Air India .. which has assets worth few lakh crores and if you allow 49% stake through FDI ... it wont be long when the Foreign investor will take over all the assets and will sell assets to recover his investments ...



    vote for bigots and you will lose your house too

    DisAgree [9] Agree [11] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Thu, Jan 11 2018

    Achche din under feku rule

    DisAgree [6] Agree [13] Reply Report Abuse

  • Anand, Mangalore

    Thu, Jan 11 2018

    Modi Baba very happy.....Yoga added value tax now....

    DisAgree [9] Agree [22] Reply Report Abuse

  • Hussain, Abu Dhabi

    Thu, Jan 11 2018

    BABA will have ACHE DIN only until NDA's regime. BABA ban gaya BUSINESSMAN (DESI/VIDESI)

    DisAgree [14] Agree [24] Reply Report Abuse

  • Vikram, Mumbai

    Thu, Jan 11 2018

    after NDA rule, Fake family will force Louis Vuitton to invest in their family business????????

    But dnt worry, Congress will not come back to power for next 100 year

    DisAgree [10] Agree [7] Reply Report Abuse

  • NAGESH NAYAK, MANGALORE

    Thu, Jan 11 2018

    AFTER CALF LEATHER BAGS, LV SOON TO SELL PATANJALIS GOMATAS URINE TO CUSTOMERS

    DisAgree [8] Agree [35] Reply Report Abuse

  • Billu, Mangalore

    Thu, Jan 11 2018

    We Should be proud of Pathanjali !!
    we all know how hard it is to compete the international brands.
    When we by Colgate or Pepsi, part of our money is wired instantly in Dollars and Euros to foreign countries.
    Kudos to Baba Ramdev for effectively marketing Patanjali products !!

    DisAgree [29] Agree [25] Reply Report Abuse

  • Dr.S.Kamath, Mumbai

    Thu, Jan 11 2018

    Just yesterday some one was joking will FDI Come to Baba Ramdev ?
    And now French company has come in with huge investment
    slap on the face

    DisAgree [8] Agree [22] Reply Report Abuse

  • kas, Mangalore

    Thu, Jan 11 2018

    slap came from interpol and our own court ....

    DisAgree [15] Agree [14] Reply Report Abuse

  • Vikram, Mumbai

    Thu, Jan 11 2018

    did u read congress worker beat a person for saying No job No Vote?

    DisAgree [6] Agree [7] Reply Report Abuse

  • Santan Mascarenhas, Kinnigoli/Mumbai

    Thu, Jan 11 2018

    Ramdev had been shouting from the top of his voice many times that foreign investors take the profit outside the country. Then how he is agreeing now on the issue that he was against ?

    There is no free meal in this world. Naturally, no one will invest without the profit motive. Now Ramdev's thinking is changed, when it is convenient to him. Same like he was talking about black money is Swiss during election, but, now he is silent.

    DisAgree [2] Agree [22] Reply Report Abuse

  • Jenifer, Mangalore

    Thu, Jan 11 2018

    This is open hypocrisy by the 'Desi product selling' Baba Ramdev. If foreign collaboration was not a problem, what was wrong with Colgate, Lux, Nesle ? Why did he drive out those companies and supply shuddh desi dantkanti, soap and noodles ?

    Bringing in black money is forgotten, now Baba Ramdev will forget 'videshi bhagao, Desi apnao' slogan too ?

    DisAgree [5] Agree [19] Reply Report Abuse

  • mohan sr., Mangalore

    Thu, Jan 11 2018

    Without giving Share or Stake who will invest ........ ... for what one will invest....... .. it is not nepal forest one to steel the forest jaribootia....

    DisAgree [4] Agree [12] Reply Report Abuse

  • Dinesh poojary, Mangalore

    Thu, Jan 11 2018

    Modiji should not approve this. Lv kills our gomata for making shoes bags and belts

    DisAgree [11] Agree [22] Reply Report Abuse

  • Jenifer, Mangalore

    Thu, Jan 11 2018

    Dinesh, you will soon hate adding 'ji' to the PM's name.

    Nagesh Nayak is more intelligent than you to have understood what a deception the leader has in his each promise.

    DisAgree [7] Agree [23] Reply Report Abuse

  • Gabriel, sagar

    Thu, Jan 11 2018

    Pastures are green, profits are sure, why not spend in crores. That is called business.

    DisAgree [1] Agree [11] Reply Report Abuse

  • Dinesh poojary, Mangalore

    Thu, Jan 11 2018

    But patanjali doesn’t needs ur favor. Lv sells calf leather skin bags belt and shoes.

    Calf is our baby of Gomata

    DisAgree [5] Agree [26] Reply Report Abuse

  • NAGESH NAYAK, MANGALORE

    Thu, Jan 11 2018

    BUT FOR BABA RAMDEV. MONEY IS MORE IMPORTANT THAN COW.

    COW IS JUST BALI KA BAKRA TO FOOL US

    DisAgree [9] Agree [33] Reply Report Abuse

  • kas, Mangalore

    Thu, Jan 11 2018

    Business me sub kuch chalta hai ... Mothers are deserted ... wives are deserted ...

    DisAgree [6] Agree [28] Reply Report Abuse


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