India
U.S. fast-food chains bet on India to drive growth
![Indian flag for news Indian flag for news](https://media.potatopro.com/india-flag-1200.jpg?width=1200&height=743&crop=smart&mode=crop)
The scramble by global food companies into India's fast food sector intensified on Monday as several U.S. chains announced plans to enter the country, hoping to tap the surging spending power in Asia's third-largest economy.
Restaurants like Denny's Corp , known for serving pancakes and sausages all day, and Rita's Water Ice, which would be the first foreign competitor to local water ice brands like Gola, which operates out of little stalls placed mostly on streets, plan to enter India over the next two years.
Pollo Tropical of Carrols Restaurant , known for Caribbean-flavored chicken, Applebee's and Johnny Rockets, known for its hamburgers, are also looking to cash into the Indian quick-service restaurant market worth $13 billion.
All brands will face challenges as they compete with incumbent McDonald's and Yum Brands, not the least of which would be adapting a meat-centric menu to a largely vegetarian palate.
Starbucks Corp and Dunkin Donuts recently announced plans to enter India, taking advantage of a growing preference for coffee and a culture that is increasingly socializing in cafes.
India caps foreign ownership in single brand retail at 51 percent, forcing all foreign chains to seek partnerships to do business in the nation of 1.2 billion people.
Restaurants like Denny's Corp , known for serving pancakes and sausages all day, and Rita's Water Ice, which would be the first foreign competitor to local water ice brands like Gola, which operates out of little stalls placed mostly on streets, plan to enter India over the next two years.
Pollo Tropical of Carrols Restaurant , known for Caribbean-flavored chicken, Applebee's and Johnny Rockets, known for its hamburgers, are also looking to cash into the Indian quick-service restaurant market worth $13 billion.
All brands will face challenges as they compete with incumbent McDonald's and Yum Brands, not the least of which would be adapting a meat-centric menu to a largely vegetarian palate.
Starbucks Corp and Dunkin Donuts recently announced plans to enter India, taking advantage of a growing preference for coffee and a culture that is increasingly socializing in cafes.
India caps foreign ownership in single brand retail at 51 percent, forcing all foreign chains to seek partnerships to do business in the nation of 1.2 billion people.
Like to receive news like this by email? Join and Subscribe!
Join Our Telegram Channel for regular updates!
精选企业
Related News
![J&J green paper, a Miami-Dade company, announces the implementation of its game-changing sustainable packaging initiative Janus® in partnership with arcos dorados, the largest MCDonald's independent franchisee in the world J&J green paper, a Miami-Dade company, announces the implementation of its game-changing sustainable packaging initiative Janus® in partnership with arcos dorados, the largest MCDonald's independent franchisee in the world](https://media.potatopro.com/arcos-dorados-mcdonald-1200.png?width=600&height=357&crop=center&mode=crop)
六月 27, 2024