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McDonald's to increase outlets

HYDERABAD: McDonald's has announced that it would increase the number of its outlets in India from 96 to 110 before the end of the current fiscal. It is planning an investment of Rs. 300-crore to open 100 more in the next three years. At the launch of the first company-owned outlet in south India, at Prasads' Multiplex here on Wednesday, Amit Jatia, Managing Director and joint venture partner, McDonald's, said Hyderabad would have four company-owned outlets by the end of the current fiscal. The outlet will open for business from July 7.

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