Nepal’s CG group plans major India expansion

As part of its plans to expand business in India significantly, Nepal’s 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 from a South Asian nation with presence in almost all countries of the region, will launch the food park in September, its Chairman Binod Chaudhary said.

The soft launch for the project was done by Food Processing Minister Harsimrat Kaur Badal a while ago, but it will be made fully operational in September.

The food park, spread over 100 acres, involves an investment of INR 1,500 million.

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 encompasses fast-moving consumer 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.

CG 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 group.

The CG group also has a substantial presence in other South Asian countries and is working on increasing that footprint.