(liveMint)
Patanjali Ayurved Ltd, the packaged goods company founded by yoga-guru-turned-businessman Baba Ramdev, has been approached by electric vehicles (EVs), steel and mobile chip manufacturers for support, managing director Acharya Balkrishna said in an interview.
While some of these companies are exploring a buyout, some are seeking joint venture (JV) partnerships and financial aid to run their businesses. Balkrishna declined to name the companies, and said Patanjali is yet to decide on possible diversifications. Patanjali will invest in or partner with only home-grown companies.
“Manufacturers from almost all sectors, including steel, electric vehicle, anti-radiation mobile chip, have approached us. But we can’t do everything. We’ll only do whatever is in sync with our business, and anything that the people of the country need,” Balkrishna said, adding that the Haridwar-based firm will continue to strengthen its ‘swadeshi’ movement and support companies with similar agenda.
