Godrej Industries Group to Invest ₹20,000 Crore in Haryana, Creating 40,000 Jobs

Godrej Industries Group has signed a Memorandum of Understanding (MoU) with the Government of Haryana, outlining a future investment plan of approximately ₹20,000 crore in the state. This initiative has the potential to create around 40,000 jobs and builds upon the Group's existing presence, which includes an investment of approximately ₹12,000 crore to date and employment for around 9,000 people.

Godrej Properties Limited (GPL) is set to be a major contributor, planning to invest an additional ₹16,000 crore by FY28, on top of its existing ₹11,000 crore investment in Haryana. GPL currently manages 18 projects and anticipates its future projects will generate over 11,000 jobs. Furthermore, Godrej Ventures, the Group's real estate private equity arm, intends to invest another ₹3,500 crore in Grade A+ office infrastructure in Gurugram. These proposed investments by Godrej Ventures are expected to create more than 30,000 direct and indirect jobs.

Pirojsha Godrej, Chairperson of Godrej Industries Group, highlighted Haryana's significance as a growth driver due to its economy, urbanization, and Gurugram's status as a commercial hub. He expressed confidence in the market and the Group's ability to expand its presence, formalizing this next phase of investment through the MoU. Rakesh Swami, Group Head and President – Corporate Affairs, Godrej Industries Group, praised the state's favorable investment environment and ease of doing business, reaffirming Haryana as a long-term investment destination.

Other Godrej businesses also have a significant presence in Haryana. Godrej Capital operates five branches and has facilitated approximately ₹550 crore in bookings. Godrej Consumer Products serves the state through a network of 42 direct distributors and over 250 rural stockists. The Group also contributes to community initiatives, spending approximately ₹1 crore annually on CSR and over ₹10 crore on infrastructure projects, including support for construction workers and public space restoration.