Chaudhary Group looking to Acquire Indian Companies

Nepal’s first billionaire Binod Chaudhary, is looking to acquire companies in India in the food and beverage sector, besides planning to quadruple its production from half a billion packets in the next five years in order to increase its market share in India.

“We are very actively looking at expanding through M&A (mergers and acquisitions) route in the food and beverage category in India,” said Chaudhary, chairman of CG Corp. He added: “We are looking at investing several hundred crore in this category”.

The company is also considering providing infrastructure to food and beverage companies as well as joint venture opportunities in its upcoming food park in Rajasthan.

Reference :  India Times