Al-Habtoor has offered to make the investment through the FDI route and pay the entire debt of the lender institutions that could amount to about USD 600 million.
This will drastically affect Amazon as it was the only foreign retailer pledging investment in the food retail business that amounted up to USD 500 million.
MoFPI has ordered promoters from all the uncovered states like Goa, Manipur, Meghalaya, Sikkim and Tamil Nadu and UTs to submit their proposals by February 9, 2019.
The restaurant chains include two groups of Grand Sweets, Saravana Bhavan, the Anjappar and Hot Breads groups. The searches were carried at 32 locations.
In his new role, he will be responsible for managing the overall operations of the food and beverage department and delivering excellent guest experiences.