India is a place of a billion people, a very huge market. India's middle class is growing and spending per capita is growing every year. Also, the Indian Government has allowed 100% FDI ( Foreign Direct Investment) in single brand retail, which allows foreign companies like Starbucks, Apple, Louis Vuitton and others to operate their own stores.
Starbucks has been trying to get into the Indian market for around 7-8 years now, and there is some good news for them. Starbucks have struck a deal with Tata Beverages ( an Indian company) to setup a new company - Tata Starbucks company. This is a very good news for Indians, like me who are completely bored by the Cafe Coffee Day stores ( also called CCD).
The first stores will come in Mumbai, Delhi and Bangalore, the three most populated metropolitan regions in India. They will come up in strategic locations like Airports.
Starbucks will open its first store in India by October-September and by the end of 2012, there will be 50 operational stores.
I am pretty excited for this!
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