McDonald's plans expansion in East India
Looking to double its turnover every alternate year McDonald's India has charted out expansion plans to cover East India and said it will add 25 new restaurants this year to take its total to 110.
By PTI |
NEW DELHI: Looking to double its turnover every alternate year McDonald's India has charted out expansion plans to cover East India and said it will add 25 new restaurants this year to take its total to 110.
"This year our expansion is focussed on East and to an extent in the North region. We intend to add 25 new restaurants by the end of this year, of which 65 per cent will be in the East and North India," McDonald's India (North and East India) Managing Director Vikram Bakshi told reporters here on the sidelines of Retail Forum - The Shop.
He said the company, which had initially set a target of having a presence in Kolkata by next year has preponed it. "It may happen by the end of this year itself or latest by early next year."
"In another 4-5 years time we are looking at having 10 outlets in Kolkata," he added.
McDonald's India, which had recently announced Rs 400 crore investment for the next two years, is also looking at increasing its turnover.
"Considering the way we have grown at about 40 per cent every year, going forward we expect to double our turnover every alternate year," Bakshi said, however, declining to disclose the figures.
He said the company was already in talks with vendors in East India for supplies.
"This year our expansion is focussed on East and to an extent in the North region. We intend to add 25 new restaurants by the end of this year, of which 65 per cent will be in the East and North India," McDonald's India (North and East India) Managing Director Vikram Bakshi told reporters here on the sidelines of Retail Forum - The Shop.
He said the company, which had initially set a target of having a presence in Kolkata by next year has preponed it. "It may happen by the end of this year itself or latest by early next year."
"In another 4-5 years time we are looking at having 10 outlets in Kolkata," he added.
McDonald's India, which had recently announced Rs 400 crore investment for the next two years, is also looking at increasing its turnover.
"Considering the way we have grown at about 40 per cent every year, going forward we expect to double our turnover every alternate year," Bakshi said, however, declining to disclose the figures.
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He said the company was already in talks with vendors in East India for supplies.
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