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Economic Times
30-07-2025
- Business
- Economic Times
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.
Time Business News
25-07-2025
- 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
24-07-2025
- 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.
Time of India
22-07-2025
- Politics
- Time of India
Haryana: Ambala MP Varun Chaudhary questions appointment of HCS officer as Secretary of Legislative Assembly; demands reconsideration of move in letter to Governor
File photo: Ambala MP Varun Chaudhary (Picture credit: X/@VarunMullana) AMBALA: Ambala MP Varun Chaudhary has raised strong objections to the appointment of a Haryana Civil Services (HCS) officer as the Secretary of the Haryana Legislative Assembly, calling it a clear violation of established norms. In a formal letter addressed to the Governor of Haryana, Ambala MP has urged immediate reconsideration of the appointment. According to Chaudhary, a transfer/appointment order dated July 20, 2025, has placed an HCS officer in the role of Vidhan Sabha Secretary, bypassing the Haryana Legislative Assembly Secretariat Service Rules, 1981 (as amended). He stressed that the position has traditionally been held by senior Indian Administrative Service (IAS) officers, and appointing a junior officer with only nine years of service undermines the dignity and functioning of the state's highest legislative institution. 'The move not only disregards the rules but also demoralises senior officers and the Assembly Secretariat staff, who now find themselves reporting to a relatively junior appointee,' Chaudhary stated in his letter. He emphasised that the appointment sets a concerning precedent and could adversely affect the credibility and operational efficiency of the Assembly. Highlighting the fact that department heads across the state government are generally drawn from the IAS cadre, the MP pointed out that appointing an HCS officer to such a high constitutional post is an exception that should not become a norm. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like End Season Sale: Special Discount Luxury Watches Buy Now Undo Varun Chaudhary concluded his letter by urging the Governor to re-evaluate the decision and, if an appointment must be made, to consider a senior IAS officer better suited to uphold the stature and responsibilities of the Vidhan Sabha Secretary's office.
Indian Express
03-06-2025
- Business
- Indian Express
District Magistrate among 3 top Haridwar officials suspended over ‘land scam', Dhami asks Vigilance to probe
The Uttarakhand government suspended two IAS officers and a Provincial Civil Service (PCS) officer following an inquiry into an alleged land scam in Haridwar. The suspended officers are Haridwar District Magistrate Karmendra Singh, Municipal Corporation Commissioner Varun Chaudhary, and Sub-Divisional Magistrate Ajayveer Singh. An inquiry into the alleged scam was conducted by a senior officer in the Secretariat. According to officials to whom the report was submitted, the scam involved the officers allegedly facilitating the conversion of agricultural land into non-agricultural land, resulting in an increased valuation, after which the corporation acquired it for a higher price. The seller of the plot of land had submitted an application for conversion of land use in July, which was approved in October 2024. An official said, 'The agricultural land, according to the circle rate, was valued at Rs 15 crore. But with the conversion, the circle rate shot up, and it was acquired for over Rs 52 crore. The whole procedure took place without seeking approval from the government.' Following the suspension, Chief Minister Pushkar Singh Dhami has ordered a detailed investigation into the matter by the Vigilance Department. The sale deed related to the land scam has been cancelled, and orders have been issued to recover the money paid to the landowners. The Chief Minister has also directed a special audit of all works carried out during the tenure of Municipal Commissioner Varun Chaudhary in the corporation to look into any financial irregularities. In the suspension order, the Municipal Corporation has been accused of committing irregularities in the acquisition of 2.3 hectares of land in village Sarai in Haridwar. 'As per the preliminary inquiry report dated 29-05-2025 received through the Urban Development Department, Ajayveer Singh (PCS), then Sub-Divisional Magistrate (SDM), Haridwar / currently SDM, Bhagwanpur, has been found prima facie responsible for potential collusion with the land sellers. Within a short period, he facilitated the conversion of agricultural land to non-agricultural under section 143 of the Uttar Pradesh Zamindari Abolition and Land Reforms Act, without complying with the Standard Operating Procedure (SOP) laid down by the Uttarakhand Revenue Council. He also violated other relevant rules and misused his official position,' the order stated. The other two officers — the DM, who was then the administrator of the corporation, and the Municipal Commissioner — have been accused of neglecting official duties, failing to follow the prescribed procedures, not safeguarding the interests of the corporation, and violating rules. DM Karmendra Singh and SDM Ajayveer Singh did not respond to calls from The Indian Express seeking their comment on the matter. Municipal Commissioner Varun Chaudhary said he could not comment as an inquiry is underway. A total of 10 officials have been suspended in this matter so far. Aiswarya Raj is a correspondent with The Indian Express who covers South Haryana. An alumna of Asian College of Journalism and the University of Kerala, she started her career at The Indian Express as a sub-editor in the Delhi city team. In her current position, she reports from Gurgaon and covers the neighbouring districts. She likes to tell stories of people and hopes to find moorings in narrative journalism. ... Read More
