date:Aug 20, 2013
Tata Starbucks, the 50/50 joint venture between Starbucks Coffee and Tata Global Beverages, plans to open nearly 100 new outlets in India by 2014.
This latest development is part of the company's strategy to compete with established rivals Cafe Coffee Day, Barista Lavazza, Costa Coffee. In order to support its expansion plans, the company is more than trebling its authorized capital to INR2.2bn ($35m).
The company's spokesperson was quoted by The Economic Times as saying that, The joint ventur