McDonald's, a food service retail chain, is planning to invest Rs 30 crore to open 10 restaurants in southern states. Currently the chain operating 23 restaurants in the four states of Tamil Nadu, Andhra Pradesh, Kerala and Karantaka.
Speaking to reporters in Chennai after opening inagurating its's first standalone restaurant, Ranjit Paliath, Director-Southern Region, McDonalds said that across the country the company had planning to open 25-30 stores by 2010, of which 10 will be opened in southern states.
The investment will be made along with by its joint veture partner, for Western and Southern regions, Hardcastle Restaurants Private Limited.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app