Godrej Industries Group will invest Rs 20,000 crore in Haryana with the potential to create around 40,000 jobs, according to a Memorandum of Understanding (MoU) signed with the state in the presence of Chief Minister Nayab Singh Saini. Godrej Industries Group has invested approximately Rs 12,000 crore in Haryana to date and employs around 9,000 people across its businesses.
The conglomerate’s realty arm Godrej Properties Ltd (GPL) will be a key driver of the Group's investment plans. Having invested approximately Rs 11,000 crore in Haryana to date, GPL plans to invest a further Rs 16,000 crore by FY28. The company currently has 18 projects across Gurugram, Sonipat, Faridabad, Panipat and Kurukshetra, with its future projects expected to create more than 11,000 jobs.
Godrej Ventures, its real estate private equity business, has invested around Rs 1,000 crore in Haryana and plans to invest a further Rs 3,500 crore in Grade A+ office infrastructure in Gurugram.
Pirojsha Godrej, Chairperson, Godrej Industries Group, said, “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. We're pleased to formalise this next phase of investment through our MoU with the Government of Haryana and look forward to working closely with the state to bring these plans to life.”
The Group's wider businesses also have a presence in Haryana. Godrej Capital operates five branches in the state and has facilitated approximately Rs 550 crore in bookings through its financing business. Godrej Consumer Products has a network of 42 direct distributors and more than 250 rural stockists across the state.