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Sun, Jul 22, 2018 | Last Updated 2:30 pm IST

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Luxury brand Louis Vuitton likely to invest Rs 3000 Crore in India's FMCG brand Patanjali

Luxury brand Louis Vuitton likely to invest Rs 3000 Crore in India's FMCG brand Patanjali
Luxury brand Louis Vuitton likely to invest Rs 3000 Crore in India's FMCG brand Patanjali
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

According to sources the French luxury group LVMH Moet Hennessy Louis Vuitton, may invest a staggering million Rs 3250 crore in Patanjali Ayurveda. This will be the biggest ever foreign investment in India's FMCG brand. Meanwhile Patanjali spokesperson SK Gupta Tijarawala corroborated the same on Twitter.



SK Gupta 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.will not give share or stake".

Luxury brand Louis Vuitton likely to invest Rs 3000 Crore in India

Meanwhile currently Patanjali is seeking 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.

Luxury brand Louis Vuitton likely to invest Rs 3000 Crore in India

Luxury brand Louis Vuitton likely to invest Rs 3000 Crore in India's FMCG brand Patanjali
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