Tatas Formally Signed Deal With Starbucks To open Cafes in India

World’s largest coffeehouse company, Starbucks has signed a formal agreement with Tata Global beverages on Monday.   It will help Seattle based Starbucks to open café chains in India.  

Currently  Starbucks has more than 17,000 stores in 55 countries and as per Tata Group the first café store may open by the second half of 2012.

Surely Starbucks will give hard competition to market leaders like Cafe Coffee Day and Barista.

In a statement Tata Global Beverages said, “The company has entered into a Joint Venture with Starbucks group whereby the newly- formed joint venture company Tata Starbucks Limited shall engage in the operation of Starbucks Cafes. The parties have signed the joint venture agreement on Jan 30, 2012 which sets forth the vision of developing the business in India. Each party will hold 50 percent of the joint venture.”

• About the Author

About Sprightly Spirit

“I dare do all that may become a man. Who dares more is none”. And all, may be. It may be the vigor. Or the spirit. Or the courage to avoid being “politically correct” or bent. And, ban all averse with immaculate overture of graciously fathomable words firm in views. Subtle. Justifying the undying conscience. Values. Knowledge. And, dares to stay true. True to own. True to the world. And, to the words. With a dream in eyes it exists. In you. In me. In all. The sprite that never shies away. The spirit that never dies!