Caffe Pascucci Managing Director Mario Pascucci addressing the media said, “There is tremendous scope as the retail market for coffee in India is Rs 600 to Rs 650 crore, and is growing at 30 per cent annually.” Madhura Beverages India Pvt Ltd, part of the Madhura Group headquartered at Bangalore, will be investing approximately Rs 60 crore over the next three years in setting up 60 outlets across the country.
Of these, ten outlets would be set up in the City within the next year with an investment of Rs 10 crore, of which four will be in Indiranagar, Jayanagar, Koramangala and Malleshwaram.
The project will be funded by internal accruals of the Madhura Group.
Published 25 June 2009, 16:24 IST