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.