Ramdev baba's big budget expectation: Can save 2 lakh crores from going out of India

Source : SIFY
Author : SIFY
Last Updated: Fri, Jan 24th, 2020, 23:27:41hrs
Ramdev baba's big budget expectation: Can save 2 lakh crores from going out of India
New Delhi: Yoga guru and Patanjali Ayurveda's, Baba Ramdev on Friday outlined his expectations from the up-coming budget session.

When reporters asked Ramdev what were his expectations from the upcoming budget, he said it was to make India self-dependent. "Be it edible oil, be it energy or telecom or any other sector, we should make India a self-dependent country."

Talking at the sidelines of an event, he explained, that foreign companies have a control on India's economy, which he estimated at Rs 50 lakh crores... A good budget could make India free of this "foreign-control".

According to him, a good budget could make India self-sufficient. He added that focusing on edible oil alone, for five years could save India a potential Rs 2 lakh crores.

The Yoga guru also detailed on the upcoming threats to brands such as Dabur and Saffola.

When asked on revenue projections for Ruchi Soya and Patanjali, he said, "we will achieve more than our projections across different categories, despite the acquisition of Ruchi Soya. The revenue for Ruchi Soya was approximately Rs 13,000 crores last year. This year, we will try to bring it between Rs 14,000 - 15,000 crores."

Ruchi Soya and Patanjalli have a combined customer reach of 20-25 crore customers, and Ramdev said that the coming 2-3 years his company was targeting a 50 crore customer base.

Ramdev also elaborated on new products and the competition to the market. "We are launching 3 new products. To compete against Saffola, Nutela Gold..."

"In the Atta category, we have a high-protein Atta, and then there is Nutella Honey...

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On Friday, Ramdev also took a swipe at the Jawaharlal Nehru University students by stating that the government should start a "pension scheme for the elderly students of the varsity so that they can quietly pursue their studies on the campus".

"I demand that the government start a pension scheme for JNU's elderly students so they can keep quiet on the campus," Ramdev remarked laughingly while addressing the media at the Constitution Club here.

Ramdev also supported the Citizenship (Amendment) Act and termed the protests against the law as "an attempt to malign India's image internationally".