The document discusses the joint venture between Tata Consumer Products and Starbucks to operate Starbucks stores in India. Some key points:
- It is a 50:50 partnership established in 2012 when the first Starbucks store opened in India. Tata Consumer Products is an Indian FMCG company and Starbucks is an American coffeehouse chain.
- Starbucks chose Tata due to its large cafe presence in India, shared values, and Tata's understanding of the Indian market. The partnership allows Starbucks access to the Indian market and Tata's coffee supply, while Tata gains new technologies from Starbucks.
- Starbucks has since expanded to over 250 stores across 28 Indian cities, employing strategies like experimentation, customer relationships, and social