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.


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>"India has a huge market potential for McDonald's," Connaught Plaza Restaurants Managing Director Vikram Bakshi told reporters while inauguration an outlet here.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>To tap this potential the&nbsp; 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.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>McDonald's has 160 restaurants in India.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>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.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>Out of Rs 400 crore earmarked for national expansion, Rs 100 crore would be spent for the eastern region.</P></p></table>


McDonald's plans to add 60 restaurants annually

More From This Section

Posco land acquisition resumes amid protests

Diageo to buy half of Mallya's South Africa beer biz

Average money spent for new players dips

'IndiGo did not comply with AAC guidelines'

Explore News