Yogi Guru Baba Ramdev’s Patanjali Group-led company Ruchi Soya plans to start oil palm plantations in Assam, Tripura and other northeastern states. The edible oil processing company Ruchi Soya was acquired by Patanjali Group two years ago. The company was at a loss at the time. Patanjali group has already conducted field survey for palm plantations. These farms will be set up through contracts with farmers. Taste soy processing plants for oil palm purchases will be installed in those states.
In an interview with the head of the Patanjali Business Group and Yoga Guru PTI-Language, Baba Ramdev said, “We are planning to set up oil palm plantations in the Northeast. We completed our survey there. We have projects in other states including Assam, Tripura, Meghalaya, Manipur. Ramdev said, “We want to make India self-sufficient in edible oil. The basis for the project has been prepared. It can be launched at any time.”
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However, Ramdev did not specify when the planting of the gardens will begin. He suggested that this would be done after the process of raising money from taste soy investors and repaying its debt from the proceeds of the share sale. Patanjali Ayurveda is selling a stake worth Rs 4,300 crore in Ruchi Soya. Ramdev said the money raised from the sale will be used to repay the loan.