Gujaratstartups, Ahmedabad: Fast food chain, McDonalds on Monday said it will invest Rs 350 crore over next fours year in Gujarat to increase the count from the existing 10 quick service restaurants (QSR) here to over 40 by 2014.

“We are looking to invest Rs 350 crore in Gujarat over next four years, which includes indirect investment by our few partners to open around 30 QSR's by 2014,” McDonalds Director Alliances and Corporate Affairs Nishit Pandey said.

US-based food chain is expected to sign a Memorandum of Understanding (MoU) with the Gujarat Government, in the forthcoming Vibrant Gujarat Summit-2011 beginning January 12, for the same.

Mc Donalds has pitched in to Gujarat government's proposal to open QSR's along the highways in the state beginning from Vapi. The company has shortlisted around 30 locations in Gujarat off the highways.

Source: Ahmedabad Mirror