Fastfood chain McDonalds today said it will invest Rs 350 crore over next fours year in Gujarat to increase the count from the existing 10 quick service restaurants (QSR) here to over 40 by 2014.
"We are looking to invest Rs 350 crore in Gujarat over next four years, which includes indirect investment by our few partners to open around 30 QSR's by 2014," McDonalds Director Alliances and Corporate Affairs Nishit Pandey told reporters.
US-based food chain is expected to sign a Memorandum of Understanding (MoU) with the Gujarat Government, in the forthcoming Vibrant Gujarat Summit-2011 beginning January 12, for the same.
Mc Donalds has pitched in to Gujarat government's proposal to open QSR's along the highways in the state beginning from Vapi. The company has shortlisted around 30 locations in Gujarat off the highways.
"We have a chain of 24 QSR's along the highways in states of Karnataka, Tamil Nadu and Maharashtra, and they are doing well. Gujarat is next state on our agenda," Pandey said.
"Sales from state of Gujarat contributes nearly 10 per cent of the total revenue's in India," Pandey said.
The company has presence in Ahmedabad, Surat, Vadodara and Vapi. It plans to open an outlet in Rajkot district soon.
Mc Donalds, sources 250 tonnes of Potatoes monthly from Deesa in Banaskantha district of Gujarat, which accounts for 90 per cent of its complete requirement for the commodity.
"We procure sesame from Rajkot district for about Rs 10 crores. We are looking to enhance procurement by four folds over next few years," Pandey said.