Starbucks has announced plans to accelerate its expansion in India, aiming to open 100 new stores annually as part of a strategy to reach 1,000 outlets in the country by 2028, as reported by Inside Retail Asia.
The coffee chain currently operates over 300 stores in India through a joint venture with Tata Consumer Products. The ambitious rollout reflects growing demand for coffee in the Indian market, where Starbucks faces competition from local and international brands.
The expansion plan aligns with Starbucks' broader global growth strategy, which includes opening new stores in high-potential markets. The company's India push comes as it seeks to diversify beyond mature markets and tap into the country's rising disposable incomes and youthful population.