Domino's Pizza India to spend 2.5 bln rupees on expansion
NEW DELHI (Reuters) - Domino's Pizza India, a franchisee of U.S.-based Domino's Pizza Inc, plans to invest 2.5 billion rupees over the next 3 years to open new outlets, a senior official said on Monday.
"We want to be a 500 stores company by 2010," Ajay Kaul, the firm's chief executive officer, told reporters on the sidelines of the World Economic Forum India summit.
He said the investment would be spent on expansion as well as on upgrading existing manufacturing facilities.
Kaul said the company had set a revenue target of 10 billion rupees by 2010, but did not reveal expected revenues for the current fiscal ending March 2008.
Domino's India currently runs 180 stores across 33 cities.
Indian drugs and chemicals maker Jubilant Organosys holds a 67 percent stake in Domino's Pizza India, while the remaining 33 percent is owned by JP Morgan.
© Thomson Reuters 2009 All rights reserved
Pledge to support economies
G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured. Full Article | Related Story
Galleon case
U.S. insider trading probe widens
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal. Full Article





India
US
UK










