Shailender Kr Pandey
New Delhi, 24 August
Godrej Industries Group has signed a Memorandum of Understanding with the Government of Haryana, in the presence of state Chief Minister Nayab Singh Saini, outlining a future investment plan of approximately ₹20,000 crore in the state, with the potential to create around 40,000 jobs. The MoU reflects the Group’s growing presence in Haryana and its confidence in the state’s long-term economic potential. The proposed investments will build on the Group’s existing footprint in the state. Godrej Industries Group has invested approximately ₹12,000 crore in Haryana to date and employs around 9,000 people across its businesses.
Sonipat, Faridabad, Panipat and Kurukshetra, with its future projects expected to create Godrej Properties Ltd (GPL) will be a key driver of the Group’s investment plans. Having invested approximately ₹11,000 crore in Haryana to date, GPL plans to invest a further ₹16,000 crore by FY28. The company currently has 18 projects across Gurugram, more than 11,000 jobs. The Group’s plans extend beyond residential development. Godrej Ventures, its real estate private equity business, has invested around ₹1,000 crore in Haryana and plans to invest a further ₹3,500 crore in Grade A+ office infrastructure in Gurugram. Its proposed investments are expected to generate more than 30,000 direct and indirect jobs, further strengthening the city’s commercial ecosystem and its attractiveness to multinational companies and GCCs.
Pirojsha Godrej, Chairperson, Godrej Industries Group, said, “Haryana has emerged as an important growth driver for the Godrej Industries Group. The depth of its economy, the pace of urbanisation and the emergence of Gurugram as a major commercial and employment hub create opportunities across several of our businesses. We have invested significantly in the state over the years, and our plans for further investment reflect our confidence in the market and our ability to build on the presence we have established.”
The Group will continue to work with the Government of Haryana to support the state’s development priorities and enable further investments across its businesses.