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Posted at: Jan 11, 2018, 12:10 PM; last updated: Jan 11, 2018, 9:50 PM (IST)

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

Louis Vuitton eyes investing over Rs 3,000 crore in Patanjali
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New Delhi, January 11

Louis Vuitton, the French luxury group LVMH Moet Hennessy, has said that they were keen on investing 500 million US$ (Rs 3,250 crore) in Patanjali.

On twitter, Patanjali spokesperson SK Gupta Tijarawala, said, “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 and will not give share/stake.”

In the news clipping attached in the tweet, Balakrishna is quoted as saying that the company needs "Rs 5,000 crore to set up plants in Nagpur, Greater Noida, Assam, Chhattisgarh, Andhra Pradesh, Telangana, Haryana and Rajasthan for cultivation of aromatic and herbal plants on 10,100 acres". ANI


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