Latest news with #Bikaji
Time Business News
5 days ago
- Business
- Time Business News
Bikaji Enters Nepal Market Through Joint Venture with Chaudhary Group
New Delhi– Bikaji Foods International (Bikaji), one of India's leading ethnic snacks brands, has approved the execution of a Joint Venture cum Shareholders' Agreement with Nepal's prominent conglomerate, the Chaudhary Group (CG). The joint venture aims to manufacture, trade, and market Bikaji's product portfolio — including bhujia, namkeen, papad, packaged sweets, and snacks — within the Nepalese market. As per the agreement, the newly formed entity will be equally owned by Bikaji Foods International Ltd (BFIL) and CG Foods, with a 50:50 equity structure. Both partners will inject capital in one or more phases to establish a state-of-the-art manufacturing facility in Nepal, enabling fast access to authentic, premium-quality Indian snacks for local consumers. Deepak Agarwal, Managing Director of Bikaji Foods International, stated, 'This joint venture represents a significant milestone in Bikaji's global expansion strategy and reflects our strong belief in Nepal's potential as a key strategic market. With CG Group's deep local expertise and leadership position, we are confident in our ability to deliver high-quality, affordable products that resonate with Nepalese consumers. This partnership goes beyond business — it aims to empower communities, strengthen supply chains, and contribute positively to Nepal's food ecosystem.' Varun Chaudhary, Director of CG Foods Nepal, added, 'Our collaboration with Bikaji is a testament to our ongoing commitment to introducing world-class food innovation in Nepal, while simultaneously enhancing local capabilities. This partnership is not just about superior products — it is about driving long-term value for Nepal through job creation and supply chain development. We envision integrating the rich, diverse flavors of India into everyday snacking experiences for Nepalese consumers.' This joint venture marks a pivotal step in transforming Nepal's packaged food industry by bringing together two market leaders focused on quality, accessibility, and shared growth. TIME BUSINESS NEWS
Business Standard
5 days ago
- Business
- Business Standard
BIKAJI signs JV agreement with Nepal's Chaudhary Group
Bikaji Foods International (Bikaji) has approved the execution of the Joint Venture cum Shareholders' Agreement to be entered with Nepal's leading conglomerate, Chaudhary Group (CG). The joint venture marks Bikaji's commitment to strengthening its brand presence in the Nepalese food market and a significant milestone in its international growth strategy. The partnership will focus on manufacturing, trading and marketing Bikaji's portfolio categories (bhujia, namkeen, papad, packaged sweets and snacks) in Nepal, combining the expertise of both companies to grow the market in Nepal. As per the terms of Agreement, the joint venture company will be equally owned by BFIL and CG Foods (50:50); both parties will infuse capital in one or more tranches to build a state-of-the-art facility in Nepal to ensure that the consumers get to experience premium and authentic ethnic snacks and sweets with minimal turnaround time.
Business Standard
5 days ago
- Business
- Business Standard
Chaudhary Group and Bikaji Foods Announce Strategic Joint Venture to Bring Authentic Indian Flavours to Nepal
VMPL Kathmandu [Nepal], July 24: In a major step toward elevating Nepal's snacking experience, Chaudhary Group (CG), Nepal's first multinational conglomerate, has entered into a strategic Joint Venture cum Shareholders Agreement with Bikaji Foods International Limited (BFIL), one of India's largest and most respected ethnic snack brands. This partnership marks a powerful union of two market leaders and aims to bring premium quality snacks, bhujia, namkeen, papad, and packaged sweets to the Nepalese market through a 50:50 joint venture. The collaboration includes a joint infusion of capital to establish a state-of-the-art manufacturing facility in Nepal, ensuring authentic products with minimal turnaround time and deeper local market integration. "This collaboration reaffirms our commitment to bringing world-class food innovation to Nepal while expanding and strengthening our local capabilities," said Varun Chaudhary, Managing Director, CG Corp Global. "Our joint venture with Bikaji is not just about product excellence -- it's about creating long-term value for Nepal from generating employment to strengthening supply chains. This partnership has the potential to accelerate Nepal's food sector and set new benchmarks in quality and accessibility. We envision making the rich, diverse flavours of India a seamless part of daily snacking in Nepal." "This joint venture marks a pivotal milestone in Bikaji's global growth journey and promotes our strong conviction in Nepal's potential as a key strategic market," said Deepak Agarwal, Managing Director, Bikaji Foods International. "With CG Group's strong market leadership and deep local insights, we are confident in our ability to deliver high-quality, affordable products that resonate with the consumers in Nepal. Beyond commerce, this partnership seeks to create enduring value -- empowering communities, fortifying supply chains, and enhancing Nepal's food ecosystem." Capturing the Momentum of Nepal's FMCG Growth The partnership arrives as Nepal's fast-moving consumer goods (FMCG) sector sees exponential growth. With a population of nearly 30 million and rising urban consumer demand, Nepal's FMCG sector is estimated to be growing at 20% annually, valued at over $1 billion, according to the Investment Board Nepal. By combining Bikaji's trusted brand and product excellence with CG's local expertise, nationwide distribution, and consumer insight, the new venture is poised to make a lasting impact. The Joint Venture Will: -Establish state-of-the-art manufacturing units in Nepal led by Chaudhary Group to produce and package authentic Bikaji snacks; -Create thousands of direct and indirect employment opportunities; -Strengthen local entrepreneurship and supply chains; -Introduce hygienic, affordable, and culturally aligned products to Nepalese consumers; -Position Nepal as a strong player in regional food exports. Shared Vision, Grounded in Legacy and Progress This venture goes beyond business. It reflects a shared commitment by both companies to foster innovation, empower communities, and contribute to Nepal's economic and industrial growth in a meaningful way.
Business Upturn
6 days ago
- Business
- Business Upturn
Bikaji enters 50:50 joint venture with Chaudhary Group to expand operations in Nepal
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. Ahmedabad Plane Crash 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.
News18
24-06-2025
- Entertainment
- News18
Danish Woman Confuses Amitabh Bachchan For Papad Maker, Desi's Can't Keep Calm
A Danish influencer recently visited Nepal and took home some tasty papads from Bikaji. Frederikke loved them so much that she told her followers she was almost out of them and couldn't find the same packet back home in Copenhagen. What caught her attention even more was a man on the packet's cover. She didn't realise it was Amitabh Bachchan, thinking he was the person who made the papads and wanted to let him know how good they tasted.
