McDonalds to pump in Rs 300 crore in 3 yrs

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New Delhi, Oct 15 (UNI) Fast food major McDonald India today said it will spend Rs 300 crore over the next three years and will triple its outlets from the current 123 across the country.

''We will invest Rs 300 crore and triple our outlets by 2010. The money for the expansion will be raised from both equity and debt,'' McDonald's India Managing Director (North and East) Vikram Bakshi told reporters.

The major expansion will take place in Delhi and the national capital region, Mr Bakshi said.

The company is also planning to come with first franchisee outlet in 2009, he said.

McDonald's which is growing at a rate of 35 to 40 per cent is optimistic to double its growth over the next three years, the Managing Director said.

The company today announced the opening of its first outlet at the domestic airport in the national capital.

''The rate of the food items in our outlet in the domestic airport will be 15 per cent higher,'' the Managing Director admitted.

The fast food biggie will also soon come up with a restaurant in old Delhi railway station.

''Big opportunity lies in the railway sector and soon we open our outlet in the old Delhi railway station,'' Mr Bkashi said.

McDonald's India has 123 outlets across the country, 73 in the North and East and 50 in south and west.

UNI

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