Thomas Cook to invest Rs 300 mn by 2020 to expand footprint in India

Looks at opening 50-60 new offices pan India over the next 2 years

Travel and travel financial services company Thomas Cook is looking to invest almost Rs 300 million by 2020 to expand its footprint in India.

From the current network of about 175 branches, it plans to take up the number of outlets to around 225 by 2020, including franchisee-owned centres.

"We are looking at opening 50-60 new outlets over the next two years, which would entail total investment in the region of Rs 250-300 million," Thomas Cook senior vice-president (leisure travel) Romil Pant told Business Standard.

He further informed that Uttar Pradesh was likely to get six-eight new outlets to add