India, July 24 -- Bikaji Foods International Ltd, one of India's largest ethnic snacks brands, has entered into a strategic joint venture with Nepal's leading conglomerate, Chaudhary Group (CG), as part of its international expansion strategy. The partnership marks a significant step in Bikaji's efforts to bring authentic Indian flavours to the Nepalese market.
Under the Joint Venture cum Shareholders' Agreement, the new entity will be jointly owned by Bikaji and CG Foods on a 50:50 basis. Both parties will invest capital in one or more phases to establish a modern manufacturing facility in Nepal, ensuring the timely delivery of premium ethnic snacks and sweets to local consumers.
The venture will focus on manufacturing, marketing, and di...