
Godrej Agrovet commits ₹70 crore (approx. $8.4M) to expand dairy processing capacity and bolster farmer services in Andhra Pradesh, India.
Godrej Agrovet Limited (GAVL) has demonstrated a major commitment to India’s agricultural sector by signing a non-binding Memorandum of Understanding (MoU) with the government of Andhra Pradesh (AP). This strategic pact commits the agribusiness giant to an investment of ₹70 crore (approximately $8.4 million USD), focusing primarily on significantly expanding the region’s dairy processing capabilities. The move highlights the critical role of private investment in modernizing and scaling up India’s diverse agri-food supply chains for the international community to note.
A core component of this investment is the push toward value-added dairy products, aiming to capture higher returns and diversify the state’s dairy revenue streams. Furthermore, the MoU outlines plans to establish new Samadhan Centers across AP. These centers are designed as one-stop solution hubs specifically for oil palm farmers, underscoring a commitment that extends beyond the dairy segment to encompass broader agricultural development and support in the state.
The signing of the agreement took place in the presence of AP Chief Minister Chandrababu Naidu, alongside top executives including Sunil Kataria (MD & CEO of Godrej Agrovet) and Rakesh Swami (Group President – Corporate Affairs, Godrej Industries Group). Chief Minister Naidu underscored the necessity of strengthening the agri-food processing sector, stating it is “vital for farmers’ prosperity,” and voiced confidence that the partnership would drive both economic growth and the creation of sustainable livelihoods.
Godrej Agrovet leaders acknowledged the favorable environment fostered by the Andhra Pradesh administration. CEO Sunil Kataria praised the state for cultivating a “supportive ecosystem” and stated that the MoU serves as a “testimony of our intent” to empower farmers and advance India’s overall nutrition landscape. He reaffirmed GAVL’s mission to strengthen its food processing capabilities and contribute meaningfully to the growth of the larger agri-economy.
Finally, the commitment from Godrej is part of a wider strategic expansion across Andhra Pradesh. Rakesh Swami highlighted AP as a “key state for Godrej Industries,” specifically citing the state’s praised “speed of doing business” and its investor-friendly policies. He confirmed that the broader Godrej Group remains dedicated to expanding its footprint across multiple sectors within the state, including consumer goods, real estate, and finance, cementing its long-term presence in the South Indian economic hub.
Source: Get the full report on the Godrej Agrovet MoU in the news published by The Times of India.
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