India: Godrej commits $1.19 billion investment in Telangana

Godrej, the Indian multi-business conglomerate, has signed a Memorandum of Understanding with the government of Telangana to invest 10,000 crore INR ($1.19 billion) in the state over the next few years.

The investment will be distributed across several of the group’s key business units. Godrej Agrovet, the company’s agribusiness arm, plans to establish an integrated oil palm complex including a processing plant and a refinery. Additionally, the group’s dairy division, Creamline Dairy Products, is set to expand its operations through a new plant-based protein facility and a value-added dairy unit. The commitment also encompasses a new integrated soap manufacturing hub and significant real estate development in the region.

The agreement was finalised following a meeting between Godrej Industries group chairman Nadir Godrej and Telangana chief minister Revanth Reddy.

This move is the latest step in Godrej’s ongoing expansion in the fast-moving consumer goods sector, building on previous efforts to scale its manufacturing footprint in southern India.

Source: ScanX / Godrej Industries Group