Home-grown FMCG major Patanjali Ayurved is looking to double its share in the country's food processing market to 20 % in the current fiscal.

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The yoga guru Ramdev-led firm, which has plans to invest Rs 5,000 crore on expansion of its various verticals, would be putting aside a substantial portion of funds towards opening of new units and ramping up capacity of the existing units.

"The food processing industry is worth around Rs 85,000 crore and Patanjali has a share of around 10 %. We would like to double our contribution to 20 % this fiscal," Patanjali Ayurved Managing Director Acharaya Balkrishna told PTI.

He further said: "In the coming years, we would try to maximum Patanjali's contribution in the food processing industry."

According to Balkrishna, the food processing industry would not only provide good price to farmers but also help in providing quality food products in India.

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While speaking at an event organised by industry body FICCI, Balkrishna said the industry players are taking steps towards making Indian food industry an international brand.

"Patanjali Ayurved Ltd is committed to go global and fight adulteration in the food industry," he said.