LINETRUST DISBURSES USD 11 MN TO NEELIGHT AYURVEDA FOR ITS MEDICINAL HERBS EXTRACTION BUSINESS
Amwaj, Bahrain : LINETRUST OFFSHORE LIMITED, a close ended fund from the UK and a well known financial institution in the United Kingdom, disbursed USD 11 Mn to Neelight Ayurveda Private Limited. Well, its finally raining money for Mr.Neeraj Kashyap and Ms.Geeta Thakur.
The loan amount of USD 11 million will be used for opening a manufacturing base for the extrusion of Medicinal Herbs the ayurvedic way. Speaking at a function organized for the handing over ceremony of the disbursement cheque, Ms.Geeta Thakur, Ex-Cabinet Minister and Director of Neelight Ayurveda Private Limited, said, “We have struggled for 8 months to complete the entire process and am still not able to believe that the disbursements are actually in our account. This money has been a boon in disguise for the people of the small city of Dehradun as this will pave the way of employment for over 500 people directly and indirectly.” Mr.Neeraj Kashyap, director – operations, Neelight Ayurveda Private Limited said he is unable to comprehend the fact that he has received the funds and hopes to make the best use of it by ensuring that the plant started operations by October 2018.
LINETRUST Director for Middle Eastern operations based out of Bahrain Mr.Mahendra Joshi, says “The Make in India initiative launched by the Indian Prime Minister should see exponential growth in the coming years. This will provide a big boost to the manufacturing sector in the coming years. Our thrust on the SME sector will help small companies to think big and come out with innovative solutions and help develop the nation and themselves”.
Ms.Geeta Thakur has assured that she will invest an amount of USD one million in various tech startup companies in Cambodia and India. Ms.Mary Mam, shareholder and director of Linetrust handling ASEAN Startup funds based out of Cambodia has been of the opinion that all these will help improve the scenario in developing countries enabling their manufacturing and infrastructure sectors which are fighting increasing interest costs and rising raw material prices affecting their toplines and bottomlines.
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