Dunkin' Donuts, the world's leading baked goods and coffee chain, opened its first flagship store in India in the Capital's Connaught Place area.
Jubilant Foodworks Ltd (JFL), the master franchisee of US-based Dunkin' Donuts, said it will invest Rs. 12 crore to open at least 10 'Dunkin Donuts and More' stores in the national capital region (NCR) in 2012-13.
It will expand to other cities including Mumbai and Bangalore in the next fiscal.
"In this fiscal we plan to spend around Rs. 12 crore to open 10 stores of Dunkin' Donuts in the NCR region," said Dev Amritesh, COO and president, Dunkin' Donuts India.
"One of the first investments that we made was the setting up of a world class R&D kitchen and the appointment of best-in-class culinary resources to come with a menu suitable for the Indian market," said Ajay Kaul, CEO, JFL.
"India is a key strategic market with immense potential for growth in the food service business," said Shyam S Bhartia, chairman and Hari S Bhartia, co-chairman, JFL. "We are convinced that the Dunkin' Donuts brand is extremely relevant for India, not only due to its iconic status in donuts and coffee, but also due to its differentiated food and beverage menu."