Reliance Industries is in talks with Subway Inc, to buy its India franchise

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<p>People in the know say Reliance Industries is in discussions with Subway Inc., the world&#8217;s largest single-brand restaurant chain, to purchase its India franchise for $200-250 million. The sandwich manufacturer, based in Connecticut, USA, operates in India through several regional master franchisees.</p>



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<p>Assuming that the discussions are successful, RIL&#8217;s retail unit will expand its omnichannel activities to other sectors with a network of 600 odd ;Subway stores in India. ; With Reliance Retail&#8217;s arrival, competition in India&#8217;s organized QSR sector would be intensified.</p>

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