Godrej Agrovet Signs Rs 960 Cr MoU to Boost Food Processing

Godrej Agrovet has entered into a non-binding Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), Government of India, a significant milestone in building the food processing ecosystem in India.

The MoU was signed on the sidelines of World Food India 2025 and lays the groundwork for an anticipated investment of Rs 960 crore in establishing world-class manufacturing infrastructure and an R&D center for food processing.

The announcement underscores the company's strategy to strengthen its presence and grow in India’s dynamic food processing sector. It has attracted growth potential from not only MoFPI but the broader industry as the government enhances the resilience of the entire agri-food ecosystem and encourages food processing through investments.

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Godrej Agrovet's investment in R&D and manufacturing capabilities is a statement of intent to develop the innovation agenda and to add value within the sector.

Commenting on the significance of this partnership, Rakesh Swami, Group President – Corporate Affairs, Godrej Industries Group, expressed that the MoU is about a shared vision with MoFPI to not only grow food processing capacity but also shift the dialogue around packaged foods. Rakesh added that the government is taking an innovation-led growth path, and it's time for the industry to step up the pace of investments.

This will position Godrej Agrovet as a strategic player in India's ambition in establishing a global food processing center and to support the national objective of developing a strong agri-food ecosystem for the future.