With an aim to clock 30-35 per growth per annum, the US fast food chain McDonald’s plans to open around 60 more restaurants across the country annually and pump in Rs 400 crore in the next three years.
“India has a huge market potential for McDonald’s,” Connaught Plaza Restaurants Managing Director Vikram Bakshi said while inaugurating an outlet in Kolkata.
To tap this potential the fast food major plans to open 40-60 outlets each year nationally and also intends to invest Rs 400 crore over the next three years.
McDonald’s has 160 restaurants in India.
McDonald’s restaurants in India were being operated by two 50:50 joint ventures, one between McDonald’s and Connaught Plaza and the other between McDonald’s and Hard Castle Restaurants Private.
Out of Rs 400 crore earmarked for national expansion, Rs 100 crore would be spent for the eastern region.
This was the second outlet in the metropolis. The first one which opened at Park Street was being renovated after the blast which took place there 10 months ago.
One Comment
That’s a very good news this is the reason that because in india lot of real estate development going in proceed which is very effectfull to opening a new shopping mall places which the McDonald’s are opening a very huge level