‘Subway’ to open 1,000 stores in India by 2015
Quick service restaurant chain Subway today said it plans to operate 1,000 stores in India by 2015 through franchise route, which will entail an investment of USD 58 million (over Rs 300 crore).
The Connecticut-headquartered brand is present in 50 Indian cities with 263 franchisee-run restaurants across the country.
Commenting on the potential of the market, Subway President and Co-founder Fred DeLuca said: “India is a promising business destination with a young, educated population having growing disposable income.”