AMARAVATI, 14 November 2025: Godrej Agrovet Ltd said on Thursday it signed a non-binding memorandum of understanding with the Andhra Pradesh government to invest ₹70 crore ($8.4 million) to expand its dairy processing operations and establish new service centres for oil palm farmers.

The agreement aims to increase capacity for dairy and value-added products under its subsidiary Creamline Dairy Products, which sells under the Godrej Jersey brand. The investment will be executed in phases across the state, the company said in a statement.

The MoU was signed in Visakhapatnam in the presence of Andhra Pradesh Chief Minister N. Chandrababu Naidu, Godrej Agrovet Managing Director and CEO Sunil Kataria and Rakesh Swami, Group President for Corporate Affairs at Godrej Industries.

Naidu said the partnership would help strengthen the state’s agri-food processing sector and improve livelihoods in rural communities. “We are delighted to partner with Godrej Agrovet, a strong and reliable player. This collaboration will create sustainable livelihoods and support economic growth,” he said.

Kataria said the investment aligns with the company’s aim of boosting agri-food processing capabilities while supporting farmers. “This MoU reinforces our commitment to advancing India’s nutrition landscape and contributing to the growth of the agri-economy,” he said.

As part of the expansion, Godrej Agrovet will also set up five new Samadhan Centres — one-stop service hubs providing tools, training and agronomic support for oil palm farmers. The company operates one of India’s largest oil palm processing businesses and works directly with growers across the crop lifecycle.

Swami said Andhra Pradesh remains a key growth market for the Godrej Industries Group. He cited the state’s streamlined approvals and investor-friendly policies as factors enabling faster expansion. “We look forward to contributing to Andhra Pradesh’s growth story and expanding our footprint across consumer, real estate and financial businesses,” he said.