KFC is targeting 100 quick-service restaurants in India by 2010-end. The $12-billion brand, which is owned by leading global restaurant company Yum! Brands, Inc that also owns other brands like Pizza Hut and Taco Bell, is present with 34 outlets across nine cities in the country.
"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 Rs 200-300 crore,” said KFC India marketing director Unnat Varma on Wednesday. He was speaking at the inauguration of KFC’s new quick-service restaurant in Kolkata, which also happens to be the first in India to be manned entirely by hearing-impaired employees.
