The first restaurant will open in Bengaluru in 2024.American pizza chain Papa John's, the third-largest player in the world, will enter the Indian market in partnership with PJP Investments Group. The first restaurant will open in Bengaluru in 2024, and the partners expect to open up to 650 pizzerias across the country by 2033.
For Papa John's, this will be its second attempt to gain a foothold in the Indian market. The company began expanding into the country but was forced to close all its restaurants and exit the market in 2017.
According to Papa John's new plans, the expansion will start in the southern states and expand to other regions. The company has high hopes for the Indian market, given the high growth of the middle class and income in the country.
Papa John's partnered with PJP Investments Group in 2005 to expand into the UAE market. Today, the partner operates more than 100 restaurants with locations in the UAE, Jordan and Saudi Arabia. An entry into the Iraqi market is also planned for 2024.
The American pizza chain also plans to strengthen its position in the market in China significantly. By 2040, the company will open more than 1,750 new establishments nationwide. According to the end of 2022, the network includes 5,700 restaurants with locations in 50 countries.
12 APRIL 2023, India