India's Godrej Industries group signs pact to invest US$2bll in Haryana state
KUALA LUMPUR: India’s Godrej Industries group on Monday said it has signed a pact with the government of Haryana to invest 200 billion rupees ($2.09 billion) in the northern state, expanding its presence in the region.
India's Godrej Industries group announced on Monday that it has signed a pact with the government of Haryana to invest $2.09 billion in the northern state. The investment, detailed in a memorandum of understanding, is expected to generate around 40,000 jobs. The Godrej Industries Group, which operates in consumer goods, real estate, and financial services, has already invested $1.2 billion in Haryana and employs about 9,000 people in the state.
In fiscal 2026, the group posted revenue of $7.2 billion. Godrej Properties, the real estate arm of the group, will drive the investment and plans to deploy an additional $160 billion in Haryana by fiscal 2028, bringing its total investment in the state to around $270 billion. Godrej Ventures, the real estate private equity business, plans to invest $35 billion in office infrastructure in Gurugram.
Haryana has become a significant growth driver for the Godrej Industries Group, according to Chairperson Pirojsha Godrej, who expressed the group's intention to continue investing in the region for the long term.
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