The MOU was signed in the presence of Chief Minister Nayab Singh Saini.
The proposed investments will build on the Group’s existing footprint in the state. Godrej Industries Group has invested approximately Rs 12,000 crore in Haryana to date and employs around 9,000 people across its businesses, the company said in a statement.
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, the company plans to invest a further Rs 16,000 crore by FY28.
GPL currently has 18 projects across Gurugram, Sonipat, Faridabad, Panipat and Kurukshetra, with its future projects expected to create more than 11,000 jobs.
The Group’s plans extend beyond residential development. 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. I
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.
“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,” Pirojsha Godrej, Chairperson, Godrej Industries Group, said in a statement.
“We see Haryana as a market where we can continue to invest for the long term and participate meaningfully in its economic and urban development,” he said.
“We appreciate the ease of doing business and the favourable investment environment the state government has fostered. This MOU reaffirms our confidence in Haryana as a long-term investment destination, with opportunities spanning residential and commercial development to the wider infrastructure and services ecosystem,” Rakesh Swami, Group Head and President – Corporate Affairs, Godrej Industries Group, said.
The Group’s wider businesses also have an established 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.
