Bangalore / IN. (abp) RPG Enterprises is one of India´s largest industrial conglomerates. In July 2008 Spencer´s Retail, part of the 13’500-crore-Rupees RPG Group, had tied up with the U.S.-based fast casual dining and bakery chain Au Bon Pain, to launch outlets across the country – bakenet:eu reported in the middle of the year. As part of this, it planned in 2008 to set up 100 standalone cafes in the next two years at an outlay of 50 crore Rupees. Now the retail business of RPG group launched its first flagship cafe in Bangalore. The outlet was launched with the Boston-based bakery cafe chain which has today more than 250 outlets in the USA, South Korea, Taiwan and Thailand. In the next six months RPG group will open ten more cafes in Bangalore and by the end of 2010-2011 set up 50 cafes in South India at an investment of 35 crore Rupees, local newspapers reported. The group has also invested seven crore Rupees in a new factory at Yeshwantpur, Bangalore, to produce all the food stuff that will be sold in Au Bon Pain cafes.
1’000’000 Indian Rupees (INR) = 14’998,003 Euro (EUR)
1’000’000 Euro (EUR) = 66’675’542,882 Indian Rupees (INR)
About: A crore is a unit in the Indian numbering system and was formerly a unit in the Persian numbering system, still widely used in Bangladesh, India, Maldives, Nepal, Pakistan, and Sri Lanka, Wikipedia says. An Indian crore is equal to 100 lakh or ten million.
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