Subway to invest 40 Crore for 45 outlets by 2011-12

Monday, 25 April 2011, 15:32 IST
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Subway to invest Rs.40 Crore for 45 outlets by 2011-12
New Delhi: Quick food service restaurant chain Subway said it will set up 45 outlets across the country by 2011-12 entailing investment of Rs 40 crore. The company has now 205 outlets in India and plans to take its count to 250 by the end of this fiscal. "Subway plans to take its store count to 250 by the end of this fiscal and will entail an investment of Rs 40 crore by 2012," it said in a statement. The company, which entered India 10 years back with its first outlet in Delhi, would focus not only in metro cities but also places such as Chandigarh, Hyderabad, Pune and Ahmedabad. The expansion process will be aided by the recent appointment of Delhi-based McCann Erickson India as its new agency of record. Besides, the chain's goal is to have 530 units by the end of 2015.
Source: PTI
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