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Nestle plans to sell Starbucks ready-to-drink coffee in India retail market
Despite India being a predominantly tea-drinking nation, coffee consumption is rising, especially in urban areas
Nestle is all set to sell Starbucks-branded coffee for the first time
The product will be available at grocery stores and online in 14 markets, including Belgium, Brazil, Chile, China, Mexico, the Netherlands, South Korea, Spain and Britain
Nestle to pay Starbucks $7.15 bn for rights to sell its products worldwide
While Starbucks holds the crown in the $13.8 billion US coffee market, Nescafe and Nespresso hold the top ranks globally, according to Euromonitor