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Jan, 02 2015

Lite Bite Foods to launch American Tandoor by June

LBF will also invest over Rs 100 crore in the next two-three years through internal accruals to grow its existing portfolio of brands in India and overseas.

Lite Bite Foods, promoted by Rohit Aggarwal and Dabur Scion, Amit Burman is planning to launch a premium dining brand American Tandoor in US.

“The restaurant chain will serve Indian cuisine in an American way and will open its first outlet by June 2015,” says, Rohit Aggarwal, Director, Lite Bite Foods.

The first American Tandoor outlet will be a 250 seater, spread over 5,500 square feet, in one of the biggest malls in Washington DC — Tysons Corner Centre.

“The group has also made an investment of around Rs10 crore for this”, added, Aggarwal.

LBF will also invest over Rs 100 crore in the next two-three years through internal accruals to grow its existing portfolio of brands in India and overseas.

Presently, the brand operates restaurant chains such as Punjab Grill, Bakers Street and Street Foods by Punjab Grill in India.

The company is expecting to close the current financial year with a turnover of Rs160 crore, with over 92 outlets running by March 2015.

It currently operates 88 outlets through franchisee formats such as Subway and own brands like Punjab Grill, Asia Seven, FrescCo, Zambar, Pino's, Street Foods of India, Bakers Street and Savour.

The company will also launch a new gastro pub brand, The Local, by the end of January.

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