Aug 24 (Reuters) - 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.
The group has signed a memorandum of understanding with the state government with the investment expected to create around 40,000 jobs.
Godrej Industries Group, which operates across consumer goods, real estate and financial services, has invested about 120 billion rupees in Haryana so far and employs around 9,000 people in the state. The group posted revenue of $7.2 billion in fiscal 2026.
Godrej Properties, the group's real estate arm, will be a key driver of the investment and plans to deploy a further 160 billion rupees in Haryana by fiscal 2028, taking its total investment in the state to around 270 billion rupees.
Godrej Ventures, the group's real estate private equity business, plans to invest another 35 billion rupees in office infrastructure in Gurugram. The proposed investment is expected to generate more than 30,000 direct and indirect jobs, it said.
"Haryana has emerged as an important growth driver for the Godrej Industries Group," Chairperson Pirojsha Godrej said, adding that the group sees the region as a market where it can continue to invest for the long term.
($1 = 95.7250 Indian rupees)
Reporting by Nishit Navin in Bengaluru; Editing by Sonia Cheema and Nivedita Bhattacharjee
Source: Reuters