Bikaji Foods Enters Strategic Joint Venture with Chaudhary Group in Nepal
Bikaji Foods International Limited, one of India’s largest ethnic snacks brands, has approved the execution of the Joint Venture cum Shareholders’ Agreement with Nepal’s leading conglomerate, Chaudhary Group (CG). The joint venture aims to strengthen Bikaji’s brand presence in the Nepalese food market and is a significant milestone in its international growth strategy. The partnership will focus on manufacturing, trading, and marketing Bikaji’s portfolio categories in Nepal, combining the expertise of both companies to grow the market. The joint venture company will be equally owned by BFIL and CG Foods (50:50); both parties will infuse capital to build a state-of-the-art facility in Nepal. This joint venture unites Bikaji’s legacy in ethnic snacks with Chaudhary Group’s extensive market expertise to elevate Nepal’s overall FACG landscape.
Key Highlights
- Bikaji Foods International Limited and Chaudhary Group (CG) have approved a joint venture agreement to strengthen Bikaji’s brand presence in the Nepalese food market.
- The joint venture will focus on manufacturing, trading, and marketing Bikaji’s portfolio categories in Nepal, combining the expertise of both companies to grow the market.
- The joint venture company will be equally owned by BFIL and CG Foods (50:50); both parties will infuse capital to build a state-of-the-art facility in Nepal.
- The partnership aims to elevate Nepal’s overall FACG landscape by uniting Bikaji’s legacy in ethnic snacks with Chaudhary Group’s extensive market expertise.
- The strategic partnership comes at a pivotal moment, with Nepal's FMCG sector witnessing robust double-digit growth, and the joint venture aims to contribute meaningfully to the transformation and growth of Nepal’s food sector.