The Uttar Pradesh government on Tuesday gave its nod to yoga guru-turned-entrepreneur Baba Ramdev's company to transfer land to its subsidiary for setting up a multi-crore mega food park in Noida.
The 'special exemption' enjoyed by Patanjali Ayurveda Private Limited for setting up a mega food processing unit would also be given to its subsidiary, Patanjali Food and Herbal Park Noida Private Limited, government spokesperson Shrikant Sharma said.
The Patanjali Food and Herbal Park would avail the special exemption of 'sublease facility' of land and a discount of 25% in the existing rate of land allotment.
With this, the government has cleared the way for the Patanjali group's 455-acre food park proposed to come up near Greater Noida under the Yamuna Expressway Industrial Development Authority.
The decision was taken at a Cabinet meeting chaired by Chief Minister Yogi Adityanath. The move comes weeks after Patanjali Ayurveda had threatened to shift the project out of U.P. citing the non-cooperative approach of the State government.
SP approval
The Samajwadi Party government had in November 2016 approved the project. However, the permission to shift the land to the Patanjali’s subsidiary was withheld as existing laws did not allow sub-leasing.
Faced with a deadline issued by the Centre regarding its land acquisition, the company had in early June claimed it was planning to shift the proposed food park elsewhere.