Tata Consumer Products and Godrej Agrovet have signed a non-binding memorandum of understanding (MoU) with India’s Ministry of Food Processing Industries (MoFPI), committing a combined investment of Rs. 2,960 crores to strengthen the country’s food processing ecosystem.
Under the MoU, Tata Consumer Products plans to invest up to Rs. 2,000 crores over the next five years as part of the Investment Promotion Activity for World Food India 2025. The company did not provide further details on specific projects, stating that disclosures will follow once investment terms are finalized.
Godrej Agrovet will invest Rs. 960 crores to establish manufacturing and processing facilities, along with an upstream R&D center, primarily focusing on its oil palm and pet food businesses. The investments will span Andhra Pradesh, Assam, Tripura, Telangana, and Maharashtra, with completion targeted by FY27.
“By investing in upstream infrastructure and R&D, we aim to create sustainable value across the supply chain while contributing to ecosystem development and employment generation,” said Sunil Kataria, CEO & MD, Godrej Agrovet.
Rakesh Swami, Group President – Corporate Affairs, Godrej Industries, praised MoFPI’s policies, highlighting their role in fostering innovation and dispelling misconceptions about packaged foods.
Avinash Joshi, IAS, Secretary, Ministry of Food Processing Industries, said, “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.”
The agreements signal a growing wave of private investment in India’s food processing sector, supporting both manufacturing expansion and research-driven innovation.