Canadian restaurant chain Tim Hortons plans to open around 120 stores in India in the next three years at an investment of up to Rs 300 crore, a top company official said on Monday. The chain, which had in August opened its first outlets in India, is initially focussing on North India and will later expand to other regions. "The commitment that I made to the board is in the first 36 months of operation, in the first three years, there'll be 120 stores (in India)," the company's India CEO Navin Gurnaney said here in an interaction on the sidelines of Indian Restaurant Congress 2022. The company could exceed the target as the first year is focussed on "building the foundation" with 20 new stores followed by another 50 new stores in the following 12 months, he added. This, he said, will be followed by another 60 new stores in the third year. All these stores will be company-owned, he said, adding the "investment per store is between Rs 2 crore to Rs 2.5 crore". At present, Tim Horto
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Delhi Lieutenant Governor V K Saxena has set up a high-power committee to ease licensing processes and requirements for restaurants and hotels, a move officials said will provide a fillip to the hospitality sector and make way for dining till late hours and on terraces. The committee will be headed by the principal secretary for home and comprise senior representatives from Income Tax Department, Delhi Pollution Control Committee (DPCC), Municipal Corporation of Delhi (MCD), Delhi Police, Delhi Fire Services and New Delhi Municipal Council (NDMC), according to officials. The lieutenant governor (L-G) has directed the committee to submit its report and recommendations within 15 days, they said. "The licensing processes and requirements are often found to be outdated, unnecessarily restrictive, coercive and discretionary. They have often led to complaints of harassment and corruption as well, resulting in the fact that unlike other global and Indian cities, Delhi's hospitality sector
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It comes just days after, on Tuesday, HC had asked the restaurants why they could not increase the salaries of their staff instead of levying a service charge