McDonalds to invest Rs.30 mn in India

McDonalds to invest 30 mn in India

Monday, 19 March 2007, 05:00 Hrs
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New Delhi: Global fast food major McDonalds said it would pump in over 30 million ($680,00) to boost up its delivery operations in India.

"We plan to invest close to 30 million in enhancing McDelivery operations over the next 3 years," McDonalds India managing director Vikram Bakshi said at an event here while launching its all India home-delivery number.

According to Bakshi, McDelivery accounts for about five percent sales and with the introduction of its new all-India number it hopes to increase the growth rate to 25 percent.

McDonalds currently has 108 restaurants in India and it ventured in eastern India for the first time with the opening of an outlet early this month in Kolkata, where it has plans to invest 1 billion for expansion.

Earlier, the company had announced that it would invest about 4 billion for expansion in northern and eastern India and open 25 new restaurants by the end of 2007.

The new number launched is 66-000-666 that can be dialled from anywhere in India.
Source: IANS
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