Godrej Agrovet has signed a non-binding Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), under which the company will invest ₹960 crore to build a new manufacturing unit and R&D center. The agreement was announced during World Food India 2025, aligning with the government’s push for a resilient, innovation-led agri-food processing sector.
Slated for completion by FY 2026-27, the project is expected to generate employment, support regional development, and strengthen skills in its operating region. Godrej Agrovet has emphasized that the upcoming facilities will not only upscale its production capacity but also focus on research and development work to drive innovation in food processing.
This investment aligns with broader policy goals of the MoFPI, which aims to dispel misconceptions around packaged food, boost value addition in agriculture, and attract private sector participation. Godrej Agrovet’s leadership, represented by Rakesh Swami (Group President – Corporate Affairs, Godrej Industries Group), described the MoU as a “strong testimony” to the shared vision of transforming India’s agri-food ecosystem.
India’s food processing sector is already witnessing increasing interest from private players thanks to supportive regulations, rising demand for processed food, and government incentives. By investing heavily in both manufacturing and R&D, Godrej Agrovet is positioning itself to leverage these trends.
Final Take
If delivered on schedule, this ₹960 crore plan could significantly boost Godrej Agrovet’s contribution to India’s food processing value chain—improving domestic capacity, advancing innovations in food technology, and helping farmers capture greater value downstream.
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