Momo Giant Wow! Momo Signs MoU With Bengal Government

Coming as a big boost in the food and beverages sector, the state government has signed two MoUs with momo giant Wow! Momo and Speciality Group of Restaurants at the Bengal Global Business Summit, with the former planning to open a chain of Bengali cuisine restaurant and the latter to set up a hospitality training academy in Rajarhat by this year.

City-based Wow! Momo, which started with a single store inside Spencers in 2008 and now boasts of having 150 plus outlets across India, signed the MoU with the state fisheries department where the government promised to provide them with best quality raw materials at cheapest possible price.

“We are planning to start a pan-India chain of Bengali cuisine restaurant. As per the deal, the government has assured us complete support. We will get the best quality fish, chicken and prawn directly from the fishermen without any middleman. The cost of raw materials is expected to be 60% cheaper than the market rate,” Shared Sagar Daryani, CEO and co-founder of Wow! Momo.

Company is also building a first-of-its-kind six storeyed, 24,000 square feet momo factory in Kasba Industrial Estate with an investment of Rs 20 crores. There will be floors dedicated to manufacturing of different varieties of momos that would be exported, a research and development centre, a sauce manufacturing unit and a packaging hub. It will serve direct employment to 500 more people,” Daryani added.