17.65 (1.51%) Tata Global Beverages’ 50:50 joint venture (JV) with Starbucks Coffee Company - Tata Starbucks - has expanded its footprints with the opening of its ninth outlet in the country with the inauguration of its latest cafe in South Delhi. The outlet is spread over an area of over 2,000 square feet having a seating capacity of over 70 people and is the second outlet in the city. The new outlet is located at Select City Walk Mall and will be open for customers from March 28, 2013.
In October 2012, Starbucks had entered the Indian market and currently operates five stores in Mumbai and four in New Delhi. The company plans to open 50 outlets in India this year.
Tata Global Beverages, formerly known as Tata Tea, is a multinational non-alcoholic beverages company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world's second-largest manufacturer and distributor of tea. Tata Global Beverages markets tea under the major brands Tata Tea, Tetley, Good Earth Teas and JEMCA.