Franchising in India: McDonald's India franchisee opening 30 stores in 2011
McDonald's India franchisee to open 30 stores in 2011
By Sumeet Chatterjee and Neha Singh
MUMBAI | Mon Feb 21, 2011 2:25pm IST
McDonald's, which competes with other U.S. rivals such as Yum Brands and Dominos Pizza in India, opened 33 new restaurants in the country in 2010.
Hardcastle will have 250 McDonald's restaurants in three to four years in the two regions, up from 106 now, Jatia said, as it looks to tap growth in a country where the fast food industry is growing at about three times the rate of the overall economy.
Hardcastle is now a licensee of McDonald's in India, after the world's biggest restaurant chain sold a 50 percent stake in the joint venture to its local partner last year, Jatia said.
"Eighty percent of our restaurants globally are franchise and that's typically the way McDonald's likes to move forward and we felt that India is at a stage where this structure would work the best in the south and west to take advantage of the growth in the country," Jatia said.
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