Godrej Industries inks MoU with Gujarat Government, to invest Rs 600-crore
The MoU sets the stage for the expansion in Valia, where GIL already operates a manufacturing facility. Situated in Bharuch district, the facility produces a variety of chemical products derived from organic materials, serving markets such as personal care, pharmaceuticals, and food industries
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Gandhinagar: Godrej Industries Limited (Chemicals), a prominent player in the Indian chemical industry, has entered into a Memorandum of Understanding (MoU) with the government of Gujarat. The agreement outlines the company's plan to invest Rs600-crore over the next four years in expanding its operations in Valia while creating approximately 250 jobs. The signing ceremony, attended by Chief Minister Bhupendra Patel, underscores the company's commitment to Gujarat's industrial growth and skilled workforce.
The MoU sets the stage for the expansion in Valia, where Godrej Industries (GIL) already operates a manufacturing facility. Situated in the Bharuch district of Gujarat, the facility produces a variety of chemical products derived from organic materials, serving markets such as personal care, pharmaceuticals, and food industries.
Vishal Sharma, CEO, GIL Chemicals, commented on the collaboration, stating: “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.”
Vishal added, “We remain committed to operational excellence, environmental sustainability, and creating value for all stakeholders involved. Thank you to the Gujarat Government for their proactive approach and support, and we are confident that our combined efforts will lead to a successful and mutually beneficial partnership.”
Rakesh Swami, Group President, Corporate Affairs, GIL, expressed appreciation for Gujarat's industrial policies, single-window clearances, and highly skilled workforce, making it an ideal environment for additional investments. He further thanked the Industries department and looked forward to the 10th Vibrant Gujarat Summit.
The MoU signing precedes the Vibrant Gujarat Global Summit scheduled for January 10, 2024, an event that highlights the state's vision for investment and economic growth. Godrej Industries is proud to be a part of this vibrant ecosystem.
Balwant Singh Rajput, Cabinet Minister of Industries, Civil Aviation, Rural Development, Labour and Employment, Government of Gujarat, acknowledged Godrej Group's significance as an investor in Gujarat. He appreciated the company's commitment to additional investments in making Valia a global oleochemical manufacturing hub. Rajput emphasized the government's commitment to support this investment aligning with the vision of Prime Minister Narendra Modi for a zero-effect and Green India. GIL Chemicals' commitment to expanding its operations in Gujarat reflects the company's long-term vision for growth and strategic alignment with the state's development goals. With a focus on innovation, sustainability, and community engagement, GIL Chemicals is poised to play a pivotal role in Gujarat's industrial landscape in the years to come.
