Sify:
Hardcastle Restaurants Private Ltd (HRPL), the sole franchise of fast food major McDonald’s in south and western India, Monday said it will invest Rs.500 crore over the next three years to expand its footprint in the country.
It also plans to open another 30 outlets in 2011.
‘We will be investing Rs.500 crore and doubling our presence over the next three years in India. We now join other McDonald’s businesses such as Latin America where the development licensee operates over 1,700 restaurants with sales of over $3 billion,’ said Amit Jatia, vice chairman of McDonald’s (south and west).