Yum Brands to invest $ 10 billion by 2020

US-based Yum! Brands Inc that owns KFC, Taco Bell and Pizza Hut chains plans to invest $10 billion along with its franchise partners to have 20,000 restaurants in emerging markets, including India, by 2020. Currently, Yum! Brand has presence in 130 countries.

The fast food chain opened its 40,000th restaurant globally, in Goa. The brand plans to have over 1000 KFC, Pizza Hut and Taco Bell outlets in more than 100 cities in India division that includes Sri Lanka, Nepal, Bangladesh and Mauritius by 2015. This division has 613 outlets, of which 528 are in India.

David Novak, Chairman and CEO, Yum! Brands said: "Yum! Brands plans to invest $10 billion and have more than 20,000 restaurants in emerging markets by 2020. India is one of the biggest emerging market opportunities in the world and the company is thrilled to celebrate its 40,000th restaurant here.”

Niren Chaudhary, Yum! Restaurants India, President said: "Our India business has been making incredible progress, laying the foundation for similar emerging markets where the consuming class is likely to double in five years."