Jubilant FoodWorks will develop, sub-franchise and operate more than 500 Dunkin' Donuts restaurants in India over the next 15 years under an agreement signed by the two companies, with the first expected to open by early next year.

Jubilant FoodWorks also holds master franchisee rights for Domino's Pizza for India, Nepal, Sri Lanka and Bangladesh. Dunkin' Donuts and Jubilant FoodWorks will work together on a menu that includes Dunkin' Donuts coffee, espresso-based drinks, baked foods, snacks and products tailored for the Indian market.

"As one of the world's fastest-growing economies and the second most populous country, India presents a tremendous growth opportunity for Dunkin' Donuts," said Nigel Travis, chief executive officer of Dunkin' Brands, Inc. and president of Dunkin' Donuts. "We are especially delighted that we are entering the country with Jubilant FoodWorks, a world class food service company. With a deep understanding of the Indian consumer, solid operational expertise and best-in-class marketing, Jubilant will play a key role in delivering on our goal to bring Dunkin' Donuts coffee, baked goods and snacks to more people around the globe."