McDonald's plans to add 60 restaurants annually

"India has a huge market potential for McDonald's," Connaught Plaza Restaurants Managing Director Vikram Bakshi told reporters while inauguration an outlet here.     

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.