CG Corp Global to Invest Rs 200 crore to Expand Manufacturing Capacity

Nepal-based CG Corp Global is planning to invest Rs 200 crore to set up two new manufacturing plants in West Bengal and Uttar Pradesh.

The capacity of the brand has been growing 40 percent year on year. Having manufacturing plants spread across the country helped CG Foods clock strong revenue growth of 40 percent in the previous fiscal despite the COVID-19 pandemic.

CG Foods at present operates manufacturing plants in seven locations in India.

Apart from this, the company's FMCG arm CG Foods is eyeing Rs 1,500 crore revenue from its popular noodles brand Wai Wai in one year's time as it aims to become a multi-product company. The brand is also eyeing to launch new food products including biscuits and spices.

Wai Wai brand had a recorded revenue of Rs 1,000 crore in the previous fiscal year.