Mumbai: Godrej Agrovet Limited, a leading diversified agri-food company in India, has signed a non-binding Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), Government of India.
The Godrej Agrovet MoU, formalized on the sidelines of World Food India 2025, entails a proposed investment of ₹960 crore to strengthen food processing and innovation through advanced facilities and an upstream R&D center.
Godrej Agrovet MoU to Strengthen Food Processing Infrastructure
Under the Godrej Agrovet MoU, the company will establish state-of-the-art manufacturing and processing units, alongside a dedicated research and development center.
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The investment will focus on enhancing the company’s Oil Palm and Pet Food businesses, with facilities to be set up in Andhra Pradesh, Assam, Tripura, Telangana, and Maharashtra.
Sunil Kataria, CEO & 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.”
Government’s Support
The MoU was signed in the presence of Avinash Joshi, IAS, Secretary, Ministry of Food Processing Industries, and Rakesh Swami, Group President – Corporate Affairs, Godrej Industries Group.
Avinash Joshi commented, “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. As a key enabler of the National Mission on Edible Oils – Oil Palm, Godrej Agrovet continues to play a pivotal role in driving India’s nutrition, agri-economy, and emerging consumer segments.”
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Rakesh Swami added, “Driven by MoFPI’s forward-looking policies and strong commitment to a resilient agri-food ecosystem, India’s food processing sector is attracting unprecedented investments. This MoU is a strong testimony to our shared vision of innovation-led growth.”
Employment and Regional Growth through Godrej Agrovet MoU
Expected to be completed by FY2026-27, the new facilities are projected to generate substantial employment opportunities, support skill enhancement, and contribute to regional economic development while bolstering India’s food processing capabilities.
