Tata Consumer Products signs non-binding MoU with food processing ministry, to invest ₹2,000 crore over five years

Tata Consumer Products announced on Friday that it has entered into a non-binding Memorandum of Understanding (MoU) with the ministry of food processing industries, pursuant to which it will invest ₹2,000 crore over five years. 

“The proposed investment is subject to financial evaluation of the individual projects and obtaining relevant corporate and statutory approvals by the company, and hence, the details provided above may vary. Once the terms and conditions of the investments are finalised, the company would make appropriate disclosures, if necessary,” Tata Consumer Products said in an exchange filing.

The MoU was signed as part of the investment promotion activity for World Food India 2025. Tata Consumer Products shares closed 1.32% lower on Friday on the bourses at ₹1,118.95 apiece.

Chirag Paswan, the Union minister of food processing industries, revealed on the sidelines of the event that this year’s edition has seen the largest number of MoUs being signed since the inception of the global food and agri-investment summit. 

“Just yesterday, I mentioned to the Prime Minister that we signed the largest number of MoUs at this year’s World Food India. We signed MoUs worth over ₹1 lakh crore,” he said, as quoted by ANI.

Paswan also pitched his home state, Bihar, which is due to go to the polls later this year, as an investment destination, stressing that it holds immense untapped potential in the food processing sector. 

“Yesterday, I asked all the investor companies how much they are investing in Bihar. There is unending investment potential in Bihar. This knowledge needs to reach investors,” he added.

Prime Minister Narendra Modi, on Thursday, while inaugurating World Food India 2025, emphasised India’s growing role in ensuring global food security, stressing that the country’s diversity, demand, and scale provide unmatched opportunities for international investors in the food sector. 

PM Modi had also urged global players to expand their footprint in India as the sector undergoes rapid transformation driven by innovation.

As part of the government’s push to strengthen the food processing ecosystem, the Prime Minister also announced credit-linked assistance of more than ₹770 crore to nearly 26,000 beneficiaries. The support will help implement micro projects worth over ₹2,510 crore under the Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme.

The package is seen as one of the significant highlights of World Food India 2025, the flagship event of the Ministry of Food Processing Industries, which serves as a platform to showcase India’s agricultural strengths and attract global investment into the sector.