Tata Consumer Products notes that it has earmarked up to Rs 2,000 crore over the next five years, but refrained from disclosing specific project details
Tata Consumer Products or TCPL and Godrej Agrovet, two of India’s leading FMCG players, on Friday signed non-binding Memorandums of Understanding (MoUs) with the Ministry of Food Processing Industries (MoFPI), committing a combined investment of Rs 2,960 crore under the World Food India 2025 investment promotion activity.
Tata Consumer Products said it has earmarked up to Rs 2,000 crore over the next five years, but refrained from disclosing specific project details. “Once the terms and conditions for investment are finalised, the company would make appropriate disclosures, if necessary,” TCPL said in a regulatory filing.
Godrej Agrovet, meanwhile, signed an MoU to establish manufacturing and processing facilities along with an upstream R&D centre at an estimated investment of Rs 960 crore. The company said the investment will be directed towards its oil palm and pet food businesses across Andhra Pradesh, Assam, Tripura, Telangana and Maharashtra, with project completion targeted by FY27.
“Signed on the sidelines of World Food India 2025, this proposed investment of Rs 960 crore is a significant step in the company’s journey towards enhancing its food processing capabilities through state-of-the-art manufacturing facilities and an R&D centre,” the company noted.
The MoU signing ceremony was attended by Avinash Joshi, IAS, Secretary, MoFPI, and Rakesh Swami, Group President – Corporate Affairs, Godrej Industries Group.
Joshi welcomed the partnerships, mentioning their alignment with India’s food security and agri-economy goals. “As a key enabler of the National Mission on Edible Oils – Oil Palm, with a strong legacy of innovation in food processing, Godrej Agrovet continues to play a pivotal role in driving India’s nutrition, agri-economy, and emerging consumer segments. We look forward to working closely with them to accelerate this mission,” he said.
