On July 24, 2025, Bikaji Foods International Ltd. (India) entered into a strategic 50:50 joint venture with CG Foods Nepal, part of Nepal’s Chaudhary Group. The collaboration will focus on manufacturing, trading, and marketing Bikaji’s flagship products in Nepal, including bhujia, namkeen, papad, packaged sweets, and snacks.The Economic Times+12Just Food+12APN News+12
Both partners plan a joint capital infusion, possibly in phases, to establish a state-of-the-art production facility in Nepal. This move aims to ensure authentic, premium-quality snacks with shorter turnaround time and deeper local integration.NDTV Profit+7Business Standard+7The Tribune+7
Key statements:
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Deepak Agarwal, MD of Bikaji: This JV marks a pivotal milestone in Bikaji’s global expansion and reflects confidence in Nepal as a strategic market.Just Food+7Business Standard+7Processed Food Industry - B2B Magazine+7
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Varun Chaudhary, Director at CG Foods Nepal: The partnership will create long-term value for Nepal through employment generation, supply-chain strengthening, and boosting the country’s food sector.en.wikipedia.org+13Business Standard+13ETManufacturing.in+13
The joint venture is positioned to tap into Nepal’s rapidly growing FMCG sector, currently estimated to be valued at over $1 billion and growing at roughly 20% annually, fueled by rising urban demand and consumer shifts.ETRetail.com+7Business Standard+7The Tribune+7
Additionally, the announcement led to a 3.3% surge in Bikaji’s share price, with stocks trading around ₹814.65 — reflecting positive market sentiment.afaqs!+3NDTV Profit+3NDTV Profit+3
📌 Highlights at a Glance
| Detail | Overview |
|---|---|
| Date of announcement | July 24, 2025 |
| JV partners | Bikaji Foods International Ltd. (India) and CG Foods Nepal (Chaudhary Group) |
| Ownership | 50% each |
| Scope | Manufacturing, marketing, trading ethnic snacks and sweets |
| Capital approach | Infusion in multiple tranches |
| Facility | New manufacturing plant in Nepal |
| Strategic goals | Faster turnaround, local integration, job creation, supply‑chain strengthening |
| Market context | Nepal’s FMCG market valued at >$1 billion, ~20% YoY growth |
| Market reaction | Bikaji shares rose ~3.3% on the JV news |
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