Barcelos, one of the popular South African restaurant chains, is looking to reach Rs 200 crore turnover and open 30 outlets in India over the next four years. The company, which opened its first restaurant in New Delhi in March this year, plans to invest USD 5 million by fiscal 2017 to expand its footprint in the country. By fiscal 2017, the company plans to open about 10 more outlets and it will expand to 30 by the next four years. Its new outlets will come up in Delhi-NCR, Kochi, Chennai, Mumbai, Jaipur, Pune, Hyderabad, Bengaluru, Goa and Kolkata. Opening of such high-end restaurant chain will bring a fresh business opportunity for the signage companies dealing in in-shop designs, displays and related activities.
