McDonald’s to add 40 outlets, invest Rs150 cr

McDonald’s to add 40 outlets, invest Rs150 cr
PTI
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First Published: Wed, Sep 16 2009. 03 16 PM IST
Updated: Wed, Sep 16 2009. 03 16 PM IST
Mumbai: International food chain, McDonald’s plans to open 40 new outlets across the country this fiscal at an investment of Rs150 crore, a top company official said.
“The investment will be at around Rs3 crore per outlet including back head costs,” McDonald’s Managing Director, Vikram Bakshi (north and east India), said on Wednesday.
The official said that consumption was growing in India and McDonald’s saw a huge growth potential in the country.
On the chain’s India turnover this calender year, he said there would be a 30% increase and the company intends to double its turnover every three years.
Bakshi, however, did not divulge any figure.
With 170 outlets presently and with 40 more planned to be added, McDonald’s India plans to hire around 1,200 personnel this year, he said.
The company would be launching several health food products as demand for them is increasing, he said.
A white paper will be released in Delhi on 29 September by the company that would give an insight into the current market-size of the retail food industry and the revenue it generates.
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First Published: Wed, Sep 16 2009. 03 16 PM IST