Diversified agri-business firm Godrej Agroovet Limited on Friday (September 26) said it has signed a non-binding memorandum of understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), Government of India.
The agreement was signed on the sidelines of World Food India 2025 and marks a proposed investment of ₹960 crore. The company said the investment will be directed towards establishing manufacturing and upstream innovation facilities, including a research and development centre.
According to Godrej Agrovet, the proposed facilities will strengthen its food processing capabilities through the use of state-of-the-art technologies and infrastructure.
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The agreement was signed in the presence of Avinash Joshi, IAS, Secretary, MoFPI, and Rakesh Swami, Group President – Corporate Affairs, Godrej Industries Group.
Focused on the company’s oil palm and pet food businesses, the investment spans across the states of Andhra Pradesh, Assam, Tripura, Telangana, and Maharashtra.
Sunil Kataria, CEO and MD, Godrej Agrovet Limited, said, “The MoU is in line with our long-term strategy of strengthening our agri-food processing and distribution capabilities. By investing in upstream infrastructure and R&D, our aim is to create sustainable value across the supply chain while contributing to the upliftment of the ecosystem. We are grateful for the support from MoFPI and committed to advancing India’s food processing capabilities and agricultural innovation.”
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Expected to be completed by FY27, the facilities will also contribute to regional development and skill enhancement through significant employment generation.
Shares of Godrej Agrovet Ltd ended at ₹720.15, up by ₹33.55 or 4.89%, on the BSE today, September 26.
