Tata Global Beverages Limited on Thursday confirmed that the first store in India will open in the Horniman Circle area of Mumbai by the end of October 2012. Shares of the Tata Global Beverages surged by 4.51% to Rs 137 on BSE.
The store will also be the first Starbucks location to feature espresso sourced and roasted locally from India through the coffee sourcing and roasting agreement with Tata Coffee Limited.
"Espresso sourced from India will be a hallmark feature of all Starbucks stores in the market, highlighting the quality espresso available in India and Tata Starbucks Limited's commitment to delivering a truly unique and authentic Starbucks Experience to customers throughout India" the company said in the press release.
Starbucks corporation is international coffee company based in Seattle, Washington. It is the largest coffeehouse in the world, with more than 17,000 stores around the globe. The company is the premier roaster and retailer of specialty coffee in the world.