Yum! Restaurants India, the operator of the Pizza Hut, KFC and Taco Bell restaurant chains, on Monday said it will invest $100 million to more than treble the number of eateries it operates across the country by 2015.
"We have a plan to more than triple the number of restaurants that we currently have, in the next five years, taking the total number to 1,000. The company will invest $100 million for the same," Yum! Restaurants India Managing Director, Niren Chaudhary, told reporters on the sidelines of the India Economic Summit 2010.
Chaudhary said of the total restaurants planned, about half would be KFC outlets. Currently, Yum! Restaurants India operates around 300 restaurants across India, most of them under the 'Pizza Hut' and 'KFC' banners.
Recently, the company introduced Mexican fast food brand 'Taco Bell' in Bangalore.
"We have aggressive plans to increase the number of Taco Bell restaurants across India. We are opening two new outlets in Bangalore by the end of this month and have plans to have about five more restaurants next year," he said.
Chaudhary said as the company opens more outlets across the country, it will also increase its employee headcount to 50,000 over the next five years.