Hardcastle Restaurants Private Ltd (HRPL), which runs McDonald’s outlets in west and south India, announces that they would invest Rs 500 crore over the next three years to double the number of restaurants in operation. The company, which has been operating the fast food chain through a joint venture with McDonald’s Corporation, also said it has converted the partnership into a Development Licencee (DL) model. After the expansion total number of McDonald’s restaurants inn the region will be 250. The new McDonald’s outlets will bring new business opportunity to the signage players dealing in such retail segment.
