The land will be used by Ramdev's Divya Yoga Trust, located in Haridwar, to develop and market herbal and ayurvedic medicines.
The sources said the government has already initiated the process to acquire the land which will be handed over to Ramdev's trust.
''The draft of the land which will be handed over is being prepared by the animal husbandry and agriculture department,'' the sources said.
--Edited IANS