Home Economy Domino’s Pizza to invest $63 million in India

Domino’s Pizza to invest $63 million in India


New Delhi : Domino’s Pizza India, part of US Domino’s Pizza Inc, is planning to invest Rs.2.5 billion ($63 million) within the next three years to open new outlets.

“We want to be a 500 stores company by 2010,” Ajay Kaul, CEO, Domino’s Pizza India, told reporters on the sidelines of the India Economic Summit currently underway here.

Kaul said the money would be utilised in expanding as well as on upgrading the company’s existing manufacturing facilities and supply chain logistics.

The company has set a revenue target of Rs.10 billion by 2010 but did not reveal expected revenues for the current fiscal ending March 2008. It operates 180 stores across 33 cities.