Baba Ramdev’s Patanjali to set up food park at MIHAN

MADC is the nodal agency for development of MIHAN.

The group is the finally accepted bidder for the project for which two previous bids had evoked a poor response from prospective bidders.

Only two had applied in the first bid last month as against a minimum three required. “The other bidder withdrew after depositing earnest money of Rs 6.5 crore. So, Patanjali qualified as the only technical bidder,” Patil told The Indian Express. The second bid, opened on August 1, had received only one bid, from Patanjali. The third bid on August 9 also received one bid.

With this development the stage is now set for Patanjali to set up a “food, agro and herbal park” on 230 acre in the undeveloped part of MIHAN land. Patanjali will have to pay at least Rs 25 lakh per acre for the land. In the MIHAN’s SEZ area, the going cost is Rs 60 lakh per acre. “That is on account of fully developed within SEZ, something unavailable for the undeveloped land,” said an MADC official.

The conditions for the bid were so peculiar that they attracted virtually no serious response from any company other than the Patanjali group.

Meanwhile, process to acquire 220 hectare of land for another food park by Patanjali near Katol town, is underway with the MIDC.