KFC to expand presence in India
Chicken restaurant company KFC, which is owned by Yum! Brands, intends to reach a target of 100 outlets in India by 2010.
Currently, KFC operates 34 restaurants across nine cities in the country. The company said that growth will primarily be franchise-driven. Only 20% of the new outlets will be company-owned. As far as menu is concerned, KFC said that it will expand the menu by introducing 15 to 20 new items. The offerings will suit Indian tastes. A significant vegetarian variety will also be offered, the company added. Times News Network quoted Unnat Varma, KFC India marketing director, as saying: We plan to close 2008 with a total of 50 stores. Our business model is primarily a franchise one and the aggregate investment involved in this expansion will be INR2 to 3 billion.
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