Nepal’s food processing billionare, CG group planning major expansion in India

Amidst its plans to expand business in India significantly, Nepal billionaire multi-national group CG Corp Global is all set to launch a mega food park in Rajasthan’s Ajmer in three months.

CG Corp Global, the only business group of a South Asian nation having a presence in almost all countries of the region, will launch the food park in September, its Chairman Binod Chaudhary told IANS here.

The soft launch for the project was done by Food Processing Minister Harsimrat Kaur Badal sometime back but now it will be made fully operational in September.

The food park, spread over 100 acres, involves an investment of Rs 150 crore.

The project, which will also involve a chain of cold storages and processing units, will benefit thousands of farmers and provide employment to many in Ajmer and surrounding areas.

“The food park will link farmers to the market directly,” Chaudhary said, adding the project falls under the Modi government’s ‘Make in India’ programme.

We have plans to expand in India significantly without shifting our headquarters from Nepal,” said the chairman of the group which is into fast-moving consumers goods (FMCG), electronics, education, cement, energy, hospitality,realty development, financial services, telecom,Ayurveda, biotech, and engineering and construction sectors in 80 countries across the globe.

The group, with 112 companies and 76 brands, already has a large presence in India. It has 66 hotels under the brand name Fern spread across almost every city of India, in a joint venture with the Taj.

Share Button

Comments are closed