Godrej Agrovet's Rs 960 Crore Investment Boosts India's Agri-Food Sector
Godrej Agrovet Ltd has agreed to invest Rs 960 crore to build manufacturing, processing, and research facilities. The pact, aligned with India's agri-food ecosystem goals, was signed during World Food India 2025. The investment focuses on Oil Palm and Pet Food across various Indian states.
- Country:
- India
Godrej Agrovet Ltd has inked a significant agreement with the Food Processing Ministry, committing to invest Rs 960 crore in the establishment of manufacturing, processing, and research facilities.
This non-binding Memorandum of Understanding (MoU) was signed on Friday, coinciding with the World Food India 2025 event, as part of the company's objective to elevate its food processing capabilities through strategic infrastructure and R&D development.
The investment, primarily targeting the Oil Palm and Pet Food sectors, will span across multiple states including Andhra Pradesh, Assam, Tripura, Telangana, and Maharashtra, demonstrating a robust step towards enhancing India's agri-food ecosystem and rural development.
(With inputs from agencies.)
Advertisement
ALSO READ
World Food India 2025: A New Era of Agricultural Collaboration and Investment
Fish Tech Pavilion Showcases Innovation at World Food India 2025 in New Delhi
India is world's 3rd-largest startup ecosystem; many startups working in food, agri sectors: PM Modi at World Food India summit.
Food sector investors looking at India due to diversity, scale and demand: Prime Minister Narendra Modi at World Food India summit.
Govt promoting food processing sector; PLI scheme and mega food parks boosted growth: PM Modi at World Food India summit.
Google News