Polo Towers group to invest Rs 100 cr in foods and hotels
By setting up eateries and hotels Polo Towers group would invest Rs 100 crore by 2016 and it already owns hotels in Shillong, Cherrapunji and Tura in Meghalaya.
CEO of the group Deval Tibrewalla told reporters that we are investing Rs 100 crore for setting up eateries and hotels by 2016.
After getting franchisee from the US Company they will launch the ‘Quiznos’ quick service restaurants in the eastern part of the country, he added.
He further added they are also planning to launch two other US brands, Great American Cookies and Forever Yoghurt across the country, and are also opening up a budget hotel in Allahabad.
Source: Economic Times
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