By Marcus Leach

US coffee giant Starbucks have announced that they will open stores in India in a joint venture with Tata Global Beverages.

The joint venture, which will be 50-50, will see the first stores open in September.

The outlets, under the joint venture, are to be co-branded 'Starbucks Coffee: A Tata Alliance', on an initial investment of 4bn rupees ($80m).

"We're going to move as fast as possible in opening as many stores as we can so long as we are successful and so long as we are embraced by the Indian consumers," John Culver, president of Starbucks China and Asia Pacific, said.

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