Tata Starbucks Ltd, the 50:50 joint venture between Starbucks Coffee Company and Tata Global Beverages Ltd, today opened its first outlet in Gurgaon, taking its total store count in the Delhi NCR region to eight.
Commenting on the development, Tata Starbucks Ltd CEO Avani Davda said, “We remain committed to offering a distinct third place to our customers at convenient locations; defining our unique, values-based Starbucks experience.”
The opening of the new store in Ambience Mall, Gurgaon is part of the company’s ongoing expansion in India, where it plans to open 50 outlets within this year. The JV partners have earmarked an investment of Rs 400 crore for the purpose.
Starbucks entered the Indian market in October, 2012 and currently operates 17 outlets across the country.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.