International food chain, McDonald’s plans to open 40 new outlets across India this fiscal at an investment of Rs 150-crore, a top company official said.
“The investment will be at around Rs 3-crore per outlet including back head costs,” McDonald’s Managing Director, Mr Vikram Bakshi (North and East India), told PTI here 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 calendar year, he said there would be a 30 per cent increase and the company intends to double its turnover every three years. Mr 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 September 29 by the company that would give an insight into the current market-size of the retail food industry and the revenue it generates.
Source: The Hindu Business Line