Godrej inks MoU with Gujarat govt to invest Rs. 600 crore for expansion in Bharuch

Gandhinagar: Godrej Industries Limited (Chemicals) today, announced that it has signed a Memorandum of Understanding (MoU) with the government of Gujarat. As part of the MoU, the company is planning to invest INR 600 crore over the next four-years on the significant expansion in Valia with employment of around 250.  The signing, held in the presence of CM Shri Bhupendra Patel, solidifies their commitment to Gujarat’s industrial growth and skilled workforce.

The MoU paves the way for expansion in Valia where Godrej Industries already has a manufacturing facility. Located in the Bharuch district of Gujarat, the facility produces a wide range of oleo chemical products derived from organic material. These products cater to various market segments including personal care, pharmaceutical and food industries.

Speaking on the occasion, Vishal Sharma, CEO of Godrej Industries (Chemicals) said, “This strategic collaboration underscores our commitment to growth, innovation, and contributing to the economic development of the region. Gujarat has always been a beacon of progress and a business-friendly destination, and we are confident that our investment will not only enhance our operational capabilities but also create significant employment opportunities and foster economic prosperity.”

The signing of the MoU took place on the heels of the upcoming Vibrant Gujarat Global Summit, scheduled for January 10th, 2024. DeshGujarat