30-07-2025
Bikaji Foods forms joint venture with Nepal's Chaudhary Group
Listed snack foods maker Bikaji Foods International said Thursday that it has inked a strategic joint venture with Chaudhary Group (CG Foods Nepal), paving the way for its international expansion.
The 50:50 joint venture between the two entities will involve manufacturing, trading and marketing Bikaji Foods' portfolio. Both companies will jointly invest capital in one or more tranches to build a state-of-the-art facility in Nepal, Bikaji Foods said in a statement.
CG Group makes Wai Wai noodles and has interests in hospitality, infrastructure, education and financial Agarwal, managing director of Bikaji Foods, said in a statement: 'This partnership seeks to create value, empower communities, fortify supply chains and enhance Nepal's food ecosystem.'Varun Chaudhary, director of CG Foods Nepal added that the joint venture would 'create long-term value for Nepal from generating employment to strengthening supply chains.'
In March this year, Haldiram Snacks Food too had onboarded new investors - Singapore's Temasek, Alpha Wave Global and International Holding Company (IHC) to further its global snack foods market is seeing double-digit surge in sales, with players such as Bikaji, Haldiram, ITC, Parle, Balaji Wafers, Crax and Yellow Diamond competing for a share in India's Rs 47,000-crore snacks to a report by research company IMARC Group, the Indian snacks market could expand to Rs 95,521.8 crore by 2032.
