It is widely reported that restaurant franchising in India is growing at the rate of 35-38 per cent each year with a market size of 7.2 billion US dollars. This figure is expected to reach 20 billion US dollars by the year 2013. In total, there are approximately 1,200 active franchise concepts in India and more than 100,000 franchisees. There are in the region of 200 restaurant franchising concepts across the country. Other important sectors using the franchising business model are beauty salons and cosmetics, business services, education, retailing, travel and tourism.
According to a survey carried out by Franchise India Holdings Ltd (FIHL), there are currently over 400 brand franchisors of which seventy per cent were concentrated in Delhi, followed by Western India with 386 brands, with the majority being from Mumbai and Gujarat. 250 brands were in the south, with the majority in Bangalore and Chennai and 58 brands in the eastern region, the majority being concentrated in Kolkata.
Cant say i am thinking of opening a franchise in India. My life savings have got to be spent in a way that is secure!
What is interesting is that the format of franchising clearly works if the fracnhisor is prepared to spend time and effort getting established in 3rd world countries.It does give me confidence that my local franchise will work
David
For me india was and is the inspiration for a new type of food. I will use their recipes fro my restaurant but i don’t think commercially an indian curry house franchise would work, There is too much competition from the real experts in this type of food.
Alan