Godrej Industries has inked a non-binding memorandum of understanding (MoU) with the Gujarat government.

The MoU signed in the presence of Chief Minister Bhupendra Patel, outlines the company's potential investment of Rs 600 crore over the next four years for a substantial expansion project in Valia, expected to generate around 250 employment opportunities.

Vishal Sharma, CEO of Godrej Industries (chemicals), said this strategic collaboration underscores its commitment to growth, innovation, and contributing to the economic development of the region.

"We remain committed to operational excellence, environmental sustainability and creating value for all stakeholders involved. Thank you to the Gujarat Government for their proactive approach and support and we are confident that our combined efforts will lead to a successful and mutually beneficial partnership," Sharma added.