June 6, 2017
India’s well-known food company Britannia is now permitted to produce its biscuits and bakery products in Nepal. Britannia Industries Limited has received permission to invest Rs 1.11 billion to set up a biscuit and bakery plant in Simara, Bara district, according to the Department of Industry (DoI). Britannia Nepal Pvt Ltd was registered at DoI as a 100% foreign direct investment entity. Khagendra Basnet, chief of Foreign Investment Section at DoI said that this is the largest investment commitment made to Nepal in recent years. Britannia’s brands like Good Day, Bourbon, Digestive, 50-50 and Tiger are famous in the Nepali market. As per the agreement with DoI, Britannia will produce 14,000 tons of biscuits and bakery products every year and will hire nearly 345 people.
According to Britannia’s website Britannia is a leading food company in India with over Rs 85 billion in revenue, delivering products in over 5 categories through 4.2 million retail outlets to more than half the Indian population. The company began its production from Kolkata 123 years ago.