Subway aims to add 150 restaurants in India by 2014
MUMBAI (Reuters) - U.S. fast-food chain Subway aims to add 150 new restaurants in India by the end of the next calendar year, driven by growth in a country where a generation of young and increasingly wealthy consumers have a rising appetite for western tastes.
The company, which currently has 300 restaurants in India, is planning to increase its focus on smaller Indian cities in the coming years, it said in a statement.
It currently gets about 2.5 percent of its overall revenues from Asia, the statement said.
(Reporting by Nandita Bose; Editing by G.Ram Mohan)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Japan and India vow to boost defence ties during summit
- Government urges court to leave some coal blocks with companies
- Ukraine accuses Russia of "undisguised aggression" as rebels advance
- Balance of payments rises on robust dollar inflows
The Nifty surged past the psychologically important 8,000 level for the first time on Monday as blue-chips such as ICICI Bank gained after better-than-expected quarterly economic growth data. Full Article
Government urges Supreme Court to not cancel some 'illegal' coal mines Full Article