Godrej Agrovet signs MoU with MoFPI to strengthen food processing & innovation
Godrej Agrovet Limited, one ofIndia’s largest diversified agri-food businesses, today 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 Croreis 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,
“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 theupliftment of the ecosystem. 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 Industriessaid, “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, with
a strong legacy of innovation in food processing, Godrej Agrovet continues to
play a pivotal role in driving India’s nutrition, agri-economy, and emerging
consumer segments. We look forward to working closely with them to accelerate
this mission.”
“Driven
by the MoFPI’s forward-looking policies and the government’s strong commitment
to a resilient agri-food ecosystem, India’s food processing sector is
attracting unprecedented investments. Equally inspiring isMoFPI’s resolve to
dispel misconceptions around packaged foods while fostering innovation-led
growth. 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.
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