Bikaji enters 50:50 joint venture with Chaudhary Group to expand operations in Nepal

Business Upturn

6 days ago

By Aditya Bhagchandani Published on July 24, 2025, 12:06 IST
Bikaji Foods International Limited has announced a strategic joint venture with Chaudhary Group (CG) of Nepal to expand its footprint in the neighbouring country's fast-growing FMCG market. As per the agreement, the new entity will be equally owned by Bikaji and CG Foods Nepal in a 50:50 structure. The venture aims to manufacture, market, and trade Bikaji's signature products—bhujia, namkeen, papad, and sweets—locally in Nepal.
Both companies will infuse capital in phases to establish a state-of-the-art production facility in Nepal. This initiative aligns with Bikaji's international growth strategy while also addressing growing demand for authentic Indian ethnic snacks in Nepal. The facility is expected to reduce turnaround times, allowing Nepalese consumers quicker access to fresh, high-quality snacks.
Deepak Agarwal, Managing Director of Bikaji, termed the venture a 'pivotal milestone' in their global journey and emphasized the significance of Nepal as a strategic market. Meanwhile, Varun Chaudhary, Director of CG Foods, highlighted the initiative's potential to strengthen local supply chains, generate employment, and contribute to Nepal's evolving food ecosystem.
Nepal's FMCG sector is currently growing at approximately 20% annually, driven by a rising middle class, increased digital penetration, and changing consumer habits. The partnership is seen as a move to capitalize on this momentum while promoting Indian flavours and local empowerment in the Nepalese market.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.