Patanjali Group is likely to invest around Rs 1,000 crore in the state of Andhra Pradesh, in the next two years. The company has approached the state government to seek 200 acre of land in north coastal A P.

The company proposes to develop a few more food processing units and also aims to start five projects in A P. It plans to process agriculture produce from four districts in north coastal A P and Odisha.

Patanjali Group is likely to lay the foundation stone for a mega food park, either in Vizianagaram or Visakhapatnam, on 1 January, 2017. The project will create 5,000 direct jobs at the mega park, besides helping farmers.

The company also proposes to set up a research unit to develop cow breeds in Chittoor or Vizianagaram districts.

It has also agreed to develop an Ayurveda University in association with the Tirumala Tirupati Devasthanams (TTD) and to set up an Ayurveda college at Tirupati.