Business Services Industry
Britain's Foresight Group opens its first Chinese restaurants in India.
Knight Ridder/Tribune Business News, December, 2004
By Raja Awasthi, The Economic Times, India Knight Ridder/Tribune Business News
Dec. 12--NEW DELHI, India -- After establishing itself as a leading Indian cuisine group in China, the UK-based $350-million Foresight Group has entered the hospitality sector in India.
The group, which has opened its first Chinese restaurants in Delhi, has invested close to $1 million in its first venture here.
Over the next couple of years, the group's hospitality division plans to invest close to $10 million in seven more restaurants in Mumbai, Kolkata, Bangalore and Hyderabad.
R K Mehrotra, chairman, Foresight Ltd, said: "We always wanted to bring authentic flavours of China to India. This was our group's dream project and with success in Delhi,...
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