Starbucks Corp. is unfazed by the boardroom battle at its India partner, Tata group.
“We have had a very strong, long standing relationship with Tata, especially Ratan Tata and other senior leaders in the company and our joint venture is on track to continue delivering strong growth,” John Culver, the president of global retail at Starbucks told Bloomberg Radio.
We are in the early stages of building a very large and successful business in India.John Culver, President - Global Retail, Starbucks
Starbucks has opened over 80 stores in six Indian cities since it announced its partnership with Tata Global Beverages Ltd. in 2012. India “is growing faster on a percentage basis than any other region in the world,” Chief Executive Officer Howard Schultz said on a conference call in January.
Banking On India And China
Starbucks continues to localise its India offerings, with the help of its manufacturing facility in South India, Culver said. The U.S.-based coffee giant will make investments in India and China for long-term growth.
We have got teams in both markets that are focussed on innovation and customer experience. We will continue to make investments in both these markets and we see huge opportunities for the long-term success of our business.John Culver, President - Global Retail, Starbucks
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