CG Group to invest Rs 1,000 crore by 2020

Known in India for its Wai Wai brand of noodles, the group has set up a Rs 250 cr production unit

The Kathmandu-headquartered CG Group is planning to invest Rs 1,000 crore in India over the next three years to ramp up its operations in the country. The diversified conglomerate, which has interests in widespread sectors like hotels and resorts, real estate, education and tobacco, is entering the food and beverages segment in the country in September.

While the firm is known for its Wai Wai noodles brand, it has set up a production unit at Rajasthan with an investment of Rs 250 crore to support its plan of becoming a full-fledged F&B player, Varun Chaudhary, executive director, CG Corp