Nissin Foods is a food manufacturing company popular all over the world for its Top Ramen brand of cup noodles. The USD3.8 billion Japanese food and instant noodles giant said it had been discussing to buy out India's Capital Foods, according to multiple sources familiar with the matter. Capital Foods operates as a food and ingredient processing company in India.

The discussion for a possible buyout plan had reaffirmed the growing hunger of Japan to strike alliances with Indian consumer, pharma, technology, financial and even metal industries. The Economic Times recently reported about Osaka based Suntory's discussions with Radico Khaitan for a stake in the Indian distiller.

Capital Foods is the maker of "Ching's Secret" instant Chinese noodles, condiments, curry pastes, soups and frozen entrees. Ksihore Biyani's investment unit Future Ventures has 40% holding in the company. The rest of the remaining stake in the company had been controlled by the company's founder and managing director Ajaay Gupta.