Godrej Agrovet signs MoU with MoFPI for a ₹960 crore investment in food processing. New plants & R&D center to boost oil palm, pet food sectors across 5 states.
In a significant move to bolster India’s food processing sector Godrej Agrovet Limited (GAVL) a leading diversified agri-food company has signed a non-binding Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI). The proposed investment of ₹960 crore was announced on the sidelines of World Food India 2025.
The agreement outlines plans to establish state-of-the-art manufacturing and processing facilities along with an upstream Research & Development (R&D) center. This investment is strategically focused on enhancing GAVL’s Oil Palm and Pet Food businesses and will be spread across five states: Andhra Pradesh, Assam, Tripura, Telangana, and Maharashtra.
Aligning with National Food Security Goals
The partnership underscores a shared commitment between industry and government to strengthen India’s agri-food ecosystem. Sunil Kataria, CEO & MD of Godrej Agrovet Limited, stated, “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.”
He added that the company is grateful for the support from MoFPI and is “committed to advancing India’s food processing capabilities and agricultural innovation.”
Government Support for a Resilient Agri-Food Ecosystem
The government welcomed the collaboration, highlighting Godrej Agrovet’s role in key national initiatives. Avinash Joshi, IAS, Secretary, MoFPI, 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.”
He specifically noted GAVL’s importance as a “key enabler of the National Mission on Edible Oils – Oil Palm,” playing a pivotal role in driving India’s nutrition security and agri-economy.
Driving Regional Development and Employment
Scheduled for completion by the financial year 2026-27 the new facilities are expected to be significant catalysts for regional development. The project will lead to substantial employment generation, contributing to skill enhancement and economic upliftment in the involved states.
Rakesh Swami, Group President – Corporate Affairs, Godrej Industries Group, praised the MoFPI’s policies, saying they are “inspiring” and are helping attract unprecedented investments to the sector. He stated that the MoU is a “strong testimony” to the shared vision of transforming India’s food processing landscape.
This investment marks a major step in Godrej Agrovet’s journey, aiming to create a more efficient, innovative and sustainable agri-food value chain for India.