Godrej Agrovet Limited, one of India’s largest diversified agri-food businesses, has signed a non-binding Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), Government of India. Signed on the sidelines of World Food India 2025, this proposed investment of INR 960 Crore is a significant step in the company’s journey towards enhancing its food processing capabilities through state-of-the-art manufacturing facilities and an R&D center.
Sunil Kataria, CEO & MD, Godrej Agrovet Limited, said, “We are grateful for the support from MoFPI and committed to advancing India’s food processing capabilities and agricultural innovation.” Signed in the presence of Shri Avinash Joshi, IAS, Secretary, Ministry of Food Processing Industries and Rakesh Swami, Group President – Corporate Affairs, Godrej Industries Group, under the MoU, Godrej Agrovet will set up manufacturing and processing facilities along with an upstream R&D center. 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.
Commenting on the signing of MoU, Shri Avinash Joshi, IAS, Secretary, Ministry of Food Processing Industries, said, “We are delighted to partner with Godrej Agrovet. Today’s MoU reaffirms our shared commitment to strengthening India’s agri-food ecosystem and advancing rural development goals.” “At Godrej Industries Group, we are proud to be partners in this transformation, and today’s MoU stands as a strong testimony to that shared vision,” added Rakesh Swami, Group President – Corporate Affairs, Godrej Industries Group. Expected to be completed by FY2026-27, the facilities will also contribute to regional development and skill enhancement through significant employment generation.
