Overview

• Bikaji Foods International and Chaudhary Group will equally own a new venture to manufacture, trade and market ethnic snacks and sweets in Nepal.
• Both partners plan capital infusions to build a state-of-the-art manufacturing facility ensuring premium products reach consumers with minimal turnaround time.
• Nepal’s fast-moving consumer goods sector is valued at over $1 billion and is growing at about 20 percent annually, according to the Investment Board Nepal.
• The joint venture is expected to create thousands of direct and indirect jobs while strengthening local entrepreneurship and supply chains.
• Following a 2.8 percent rise in its June-quarter net profit to Rs 59.9 crore, Bikaji’s shares jumped more than 3 percent on the announcement.