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Jan. 30, 2012 / 3:10 PM

Starbucks ventures into India

UPI/Stephen Shaver

UPI/Stephen Shaver | License Photo

MUMBAI, Jan. 30 (UPI) -- U.S. coffee giant Starbucks said Monday it had formed a joint venture with Tata Global Beverages to develop a presence in India.

The venture will create a division called TATA Starbucks Ltd.

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Starbucks said outlets will start opening in 2012 in cities across India.

The agreement calls for Tata to roast coffee for Starbucks in India and elsewhere.

"The agreement paves the way for consumers in India to enjoy the premium Starbucks experience while further discovering the unique taste of high-quality Indian arabica coffee worldwide," a statement from the companies said.

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