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

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Nimrat Kaur
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Louis Vuitton eyes investing over Rs 3,000 crore in Patanjali
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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. Louis Vuitton eyes investing over Rs 3,000 crore in Patanjali “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,” On Twitter, Patanjali spokesperson SK Gupta Tijarawala, said.
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In the news clipping posted 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" -PTC News-
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