Business Companies 01 Jun 2016 No Patanjali impact ...

No Patanjali impact on us, says Adi Godrej

DECCAN CHRONICLE.
Published Jun 1, 2016, 1:02 am IST
Updated Jun 1, 2016, 1:02 am IST
Godrej said that he did not see much competition from Yoga guru Baba Ramdev’s firm as the latter was not producing products that Godrej was.
Godrej Group  chairman Adi Godrej
 Godrej Group chairman Adi Godrej

Mumbai: Though Patanjali’s entry into the FMCG segment has affected several multinational companies badly, the Godrej Group chairman Adi Godrej on Tuesday said that he did not see much competition from Yoga guru Baba Ramdev’s firm as the latter was not producing products that Godrej was.

“They are mostly in  low cost product space like ghee and honey but not in  value added products, except perhaps in soaps,” Mr Godrej said, while participating in an interactive meeting with the Indian Merchants’ Chamber in Mumbai on Tuesday. “But they are still small,” he added.

 

Mr Godrej saw the economy grow in double digits if GST (the goods and services tax) is introduced in the coming Parliament session as Mr Arun Jaitley said.

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