Bikaji Foods Forms Joint Venture With Chaudhary Group For Nepal Expansion

Bikaji Foods managing director, Deepak Agarwal. Credit: Bikaji Foods

BFIL added nan business will attraction connected nan manufacturing, trading and trading of its snacks and sweets products successful Nepal, including bhujia, namkeen and papads.

The associated task will beryllium arsenic owned by BFIL and CG Foods successful a business that “unites Bikaji’s bequest successful taste snacks” pinch Chaudhary Group’s “extensive marketplace expertise to elevate Nepal’s wide FMCG landscape”.

Both parties will build a manufacturing installation successful Nepal to guarantee consumers get to “experience premium and authentic taste snacks and sweets pinch minimal turnaround time”.

Nepal’s FMCG assemblage is now worthy complete a cardinal dollars and is seeing double-digit maturation of astir 20% annually, BFIL said, citing nan Investment Board Nepal.

Deepak Agarwal, nan managing head of BFIL, said: “This associated task marks a pivotal milestone successful Bikaji’s world maturation travel and promotes our beardown condemnation successful Nepal’s imaginable arsenic a cardinal strategical market.

“With CG Group’s beardown marketplace activity and heavy section insights, we are assured successful our expertise to present precocious quality, affordable products that resonate pinch nan consumers successful Nepal.”

Agarwal added: “Beyond commerce, this business seeks to create enduring worth – empowering communities, fortifying proviso chains and enhancing Nepal’s nutrient ecosystem.”

Varun Chaudhary, a head of CG Foods, said: “This collaboration reaffirms our committedness to bringing world-class nutrient invention to Nepal, while expanding and strengthening our section capabilities.

“Our associated task pinch Bikaji is not conscionable astir merchandise excellence – it’s astir creating semipermanent worth for Nepal, from generating employment to strengthening proviso chains, this business has nan imaginable to accelerate Nepal’s nutrient assemblage and group caller benchmarks successful value and accessibility.”

BFIL has besides been progressive successful deal-making person to home. The institution took a majority stake past twelvemonth successful Hazelnut Factory Food Products, a section café and artisanal sweets business.

It besides took a 55% share of Indian adjacent Ariba Foods, which produces mixed vegetables, vegetarian and non-vegetarian burgers, paratha and roti breads. And successful 2023, BFIL purchased a 49% stake successful Indian snacks shaper and start-up Bhujialalji.