Indian energy major Reliance Industries plans to enter fast-food restaurant business next year, according to news report
Nevin Barich
LOS ANGELES
,
December 12, 2011
(Industry Intelligence)
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According to an article in the Economic Times, Indian energy major Reliance Industries plans to enter the fast-food restaurant business next year, Reuters reported Dec. 12.
According to the article, the company is exploring a model on the lines of international chains McDonald's Corp. and Dominos Pizza, with a standardized menu and delivery service.
According to two unnamed company executives, Reliant is looking to develop the quick-service restaurant concept within three or four months. The company has shortlisted Delhi, Mumbai and Bangalore as the tentative locations to launch the business.
The primary source of this article is Reuters, London, England, on Dec. 12, 2011.
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