Tata Starbucks plans big expansion plan

Tata Starbucks plans to open around 100 Starbucks cafes in the country by next year to match up to established rivals and is building a war chest for expansion by more than trebling its authorised capital to Rs 220 crore. Starbucks, which entered the Indian market in October last, currently operates 18 stores in the country. In comparison, rival Cafe Coffee Day has more than 1,500 stores while Barista Lavazza and Costa Coffee has more than 100 stores each. Such big expansion plan of the company would bring in some new advantage for the signage companies dealing in in-shop displays and other related activities.