Starbucks delays entry into the Indian market

Starbucks delays entry into the Indian market

World’s biggest coffee-shop chain Starbucks has announced that they are now delaying their entry into the Indian market.

The company has now withdrawn its application to operate single- brand retail stores in India.

Starbucks has not given any reason for this just announced delay. The Indian government had asked the company to file a revised proposal clarifying the investment pattern of the company that plans to open stores in India.

T. May Kulthol, Starbucks representative said in a statement: “Starbucks is reviewing all our options and evaluating how we will proceed related to our entry into one of the fastest growing economies in the world.”

The company had originally planned to enter the Indian market through a partnership with Kishore Biyani and V.P. Sharma.