Visakhapatnam, Nov. 14 -- Godrej Agrovet Limited (Godrej Agrovet), one of India's largest diversified agri-food businesses, has signed a non-binding Memorandum of Understanding (MoU) with the Government of Andhra Pradesh.

Under this MoU, the company would be investing INR 70 Crore to expand the dairy processing and value-added product capacities in its dairy business and set up new Samadhan Centers - one-stop solution center for Oil Palm Farmers.

The MoU was signed in the presence of Chief Minister Nara Chandrababu Naidu; Sunil Kataria, MD & CEO, Godrej Agrovet and Rakesh Swami, Group President - Corporate Affairs, Godrej Industries Group, here on Thursday.

Commenting on the occasion, Chandrababu Naidu said "I am confident that this part...