MMG conglomerate set to invest Rs. 400-600 Crore in McDonald’s Restaurants for expansion.

-KH News Desk (cbedit@imaws.org)

MMG, a multimillion-dollar conglomerate, has announced plans to invest between Rs. 400-600 Crore in expanding McDonald’s Restaurants in India. MMG group previously owned McDonald’s three years ago and has been operating in the northern and eastern regions of India. Sanjeev Agarwal, the Chairman, has been instrumental in the expansion of the fast-food business in India since then.

One of their initiatives is the “No Onion, No Garlic” campaign, which encourages the consumption of vegetarian food among customers around the Vaishno Devi Shrine path in Katra and Tarakot. This year, their target is to open 40 new outlets, creating employment opportunities for at least 1500 people. They plan to open their first-ever outlets in Ranchi, Jamshedpur, Siliguri, and Gorakhpur, and expand in Delhi, Punjab, and UP, which are their primary existing markets.

Despite their expansion plans, MMG has no plans to change the pricing of their food products, but they may consider introducing premium offerings towards the end of the year. The goal is to provide high-quality food to their customers and continue to serve their primary markets.

Sanjeev Agarwal, the Chairman, is optimistic about the future of McDonald’s in India and believes that the company can continue to grow and contribute to the Indian economy. He emphasizes the importance of creating jobs and generating economic opportunities in the regions where they operate.He is committed to providing the highest quality food products and customer service and believes that this will help the company succeed in the highly competitive Indian fast-food market.

MMG is investing a significant amount of money in expanding McDonald’s Restaurants in India. They plan to open new outlets and create job opportunities while maintaining their commitment to providing high-quality food products and customer service. Their focus is on serving their primary markets and contributing to the Indian economy.