French luxury group LVMH Moet Hennessy – Louis Vuitton, is willing to invest a mammoth five-hundred million USD (Rs 3250 crore) in Patanjali Ayurveda.

Patanjali spokesperson SK Gupta Tijarawala conveyed on Twitter on Thursday, and added, “Acharya Balkrishna (MD of Patanjali) reports says that just as we use foreign technology for our development, we do not hesitate to work with foreign funds for the advantage of our country, but we will take it on our own conditions. will not give share/stake. ”

In the media clipping attached in the tweet, Balakrishna is cited 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 demand for ‘Made in India’ products, Yoga guru Ramdev experienced earlier said that by 2018-19, Patanjali, will surpass Unilever and others and by 2020-21 Patanjali would become the world`s greatest his fast-moving consumer goods (FMCG) brand.

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

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