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Godrej Consumer Products to invest Rs 515 crore to set up manufacturing plant in Tamil Nadu

Aug 11, 2023

By: BlinkX Research Team

To build a fast-moving consumer goods (FMCG) manufacturing facility in Thiruporur, Chengalpet district, Godrej Consumer Products Ltd (GCPL) and the Tamil Nadu government have signed a Rs 515 crore agreement.

The state government stated that the company will produce goods for everyday use at the facility. The announcement follows the approval of Rs 900 crore capital investment plan for the establishment of manufacturing facilities in Tamil Nadu and Madhya Pradesh by the GCPL board on August 7.

“Bringing this facility to Tamil Nadu is a part of our renewed efforts to boost FMCG manufacturing in the state. After all, we are one of the largest consumers of retail products across categories and verticals,” said T R B Rajaa, Tamil Nadu’s minister for industries, investment promotion and commerce.

“We are particularly thrilled to be working with Nisaba Godrej, executive chairperson of GCPL, who has laid out an admirable DEI (diversity, equity and inclusion) mandate for the facility - at least 50 per cent of the employees will be women, and at least 5 per cent from LGBTQI communities and people with disabilities,” Rajaa added.

Source: Media Reports