-Godrej Jersey signs an MoU to invest INR
150 Crore for setting up a dairy processing facility
Mumbai : Creamline Dairy Products Limited, a subsidiary of
one of India's largest and most diversified agribusinesses, Godrej Agrovet,
selling products under the brand name Godrej Jersey, today signed a Memorandum
of Understanding (MoU) with the Government of Telangana (GoT) on the sidelines
of Telangana Rising Global Summit 2025. The company will invest INR 150 Crore
to set up a state-of-the-art dairy processing facility across 40 acres. With
this new investment, the Godrej Industries Group’s total investment plans in
the state now stands at over INR 10,000 Cr across its different businesses.
Almost 73
per cent of Indians consume less than the recommended dosage of protein every
day. With dairy products – milk, curd, paneer, and milk-based drinks – being
the most natural sources of protein, this investment will enable Godrej Jersey
not only to strengthen the state’s dairy ecosystem but also to deliver products
tailored to the evolving nutritional and protein needs of the consumers.
The MoU was
signed in the presence of Sri A. Revanth Reddy, Hon’ble Chief Minister, Shri.
Sanjay Kumar, IAS, Special Chief Secretary to the Government Industries &
Commerce, Information Technology, Electronics & Communications Department,
Government of Telangana; Pirojsha Godrej, Executive Vice Chairperson – Godrej
Industries Group; Anand Ramaswamy, Chief Operating Officer, Godrej Jersey and
Rakesh Swami, Group President – Corporate Affairs, Godrej Industries Group.
Commenting on the MoU, Shri A.
Revanth Reddy, Hon’ble Chief Minister of Telangana said, “Telangana
is committed to creating an investor-friendly ecosystem that drives inclusive
growth. Our partnership with Godrej Industries Group is a testament of the
same. From strengthening agri-food processing capabilities to industrial
expansion, these investments will generate employment, strengthen our agro and
industrial base and position Telangana as a leading investment destination for
business in India.”
Pirojsha Godrej, Executive Vice
Chairperson, Godrej Industries Group, said,” As a group with a strong presence in
the state of Telangana, today’s MoU reflects a shared commitment to
accelerating industrial growth, creating employment, and developing high-impact
infrastructure under a collaborative public-private approach. From advancing
sustainable oil palm cultivation to growing our presence in urban housing to
expanding our dairy footprint and enabling MSME growth via digital-first
solutions, our partnership with the Government of Telangana is a step toward
shaping an inclusive, innovative and resilient future.”
In 2023,
Godrej Agrovet had announced an investment of ~INR 300 Crore to set up an
Integrated Oil Palm Complex in Khammam district of the state. With a
state-of-the-art Crude Palm Oil Mill and an upstream R&D center set to open
next year, the complex also has a provision of setting up a refinery in the
near future.
Additionally,
with quality infrastructure, schools, and lifestyle offerings, making regions
in the state highly sought-after for homebuyers, Godrej Properties, part of the
Godrej Industries Group, announced its foray into Hyderabad market early this
year. With a strong plan of providing citizens with a premium residential
offering, Godrej Properties will invest INR 10,000 Crore across four projects.
Sunil Kataria, CEO & MD, Godrej
Agrovet Limited, said, “Consumer
demand for value-added dairy products in India and also in the state of
Telangana is witnessing a double-digit growth. Driven by urban lifestyles,
rising health consciousness, and increasing preference for convenience,
addressing the protein deficiency for nutritional needs of consumers is also
critical. Dairy is one of the most natural sources of protein, and with our
expertise of nearly three decades, Godrej Jersey is committed to leading this
transformation. Our MoU with the Government of Telangana is a step towards
building a facility that will manufacture best-in-class and innovative
protein-rich dairy products to meet the evolving nutritional needs while also
generating employment opportunities in the state.”
The project
is expected to generate over 300 direct employment opportunities over a period
of three years.
Rakesh Swami, Group President –
Corporate Affairs, Godrej Industries Group, said, “Telangana
remains one of India’s most dynamic and investment-forward states, driven by
its progressive and business-friendly outlook. Our partnership with the
Government of Telangana reflects the Godrej Industries Group’s commitment to
advancing inclusive growth—by empowering MSMEs, supporting women entrepreneurs,
strengthening the agricultural ecosystem, and developing high-quality homes for
the state’s citizens. We look forward to deepening this collaboration and
contributing meaningfully to Telangana’s continued progress.”