Friday, April 20, 2007

Starbucks applies again

Starbucks has revised its application and filed again at the Foreign Investment Promotion Board (FIPB) for permission to enter the country's retail market to open it's cafes in India under the single brand allowance in FDI. The Starbucks spokesperson said that the company was hoping that it would be able to open an outlet by later on this year located either in Delhi or Mumbai. Starbucks was one of 15 companies that applied for permission to open outlets in India, when the Indian government permitted FDI in single brand retailing last year. Of the 15 applications from that time, nine have been approved, three are pending and three have been rejected.

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