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Rossell taste for fast food

Calcutta, Aug. 10: Calcutta-based Rossell India Ltd is set to foray into quick service restaurants by opening three Kebab Xpress outlets, serving north Indian cuisine, in New Delhi next month.

The company’s hospitality unit Rossell Hospitality will operate the outlets. The company is targeting the organised fast food segment, which is growing at an annual rate of 12-18 per cent. It later plans to go global.

Rossell India had picked up a strategic stake in Lemon Tree Hotels for Rs 29.47 crore in March. In April, it sold the entire stake and earned a profit of Rs 13.59 crore.

“We will invest in the quick service restaurants from our own resources. These are on rented premises. We have divested our stake in Lemon Tree Hotels and want to focus on our core activities, which are tea, aerospace, defence and fast food,” said Harsh Mohan Gupta, executive chairman, of Rossell India, on the sidelines of the annual general meeting here today.

The company is also planning to acquire tea gardens in Assam, Africa and Indonesia.

 
 
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