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Nimbus To Open 500 Outlets

  1 min 37 sec to read

Nimbus Group, an agro business enterprise is set to establish a chain of 500 outlets throughout the country for selling agro products. Planned to be opened in the main cities and towns of the country, the venture is of Rs 2 billion investment proposal, according to Nimbus. Part of the investment is proposed to be raised from the general public through issue of shares.
 
Anand Bagaria, the Managing Director of the group said setting up of these outlets will begin from the Kathmandu Valley next year. “We are establishing few outlets for the trial very soon,” he said, “We will then roll out to other parts of the country.”
 
In the next fiscal year, 50 outlets are to be set up in Kathmandu alone. These will be one-stop-shops and make available agro products of daily use such as meat and meat products, fish, fresh vegetables, milk and others, said Bagaria. He claimed that fresh and quality products required for the kitchen will be sold at the outlets. The chain will be established all over Nepal within the next five years.
 
All the main areas within the Kathmandu Valley will have the outlets. Nimbus is preparing a mechanism to collect the necessary products from all over the country. It is also planning to start poultry farms in Chitwan and other places.
 
The company has plans to maintain its own slaughter house and processing centre.
 
The quality, branding and prices of products throughout the chain will be the same. Nimbus is setting up the outlets in association with Shakti Agrofarm Limited.

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