Indian market is groomed by gleaming franchise business opportunities. Various industry sectors such as food and beverage, education and training, health care, retail, supermarket and so on. All these sectors have grown at a rapid rate and with presence of international and domestic brands, the industry is tremendously generate revenue, contributes to national economy too. Franchising is one of fruitful business models facilitate both brands and investors. Brands can reach to maximum consumer meanwhile franchisee can establish themselves as business man and earn huge money.
According to reports, Indian is figured as one of the largest destination for business investment in world. With increasingly IT firms and industry expansion, franchise business has emerged as one of the fruitful models that guarantee to procure rich. As per analytical reports, by year 2020 franchise industry will generate whooping revenue of $ 35billion. Currently there are over 3000 franchise brands in India and around 1500 brands are still contemplating entry plans into Indian regions. Consequently, there is explosive opportunities that delighted the organizations to bring some innovative. Talking about specific segments, restaurant franchising and healthcare is considered as potential streams that can generate lots of revenue.
Though this franchising is not new concept but with presence of global and domestic brands, competition is intense and more severe. Entrepreneurs are satisfied by this franchise business model, number of global brands has expanded their operational activities. Similarly government of India has also taken initiatives to inspire young entrepreneurs to start their new ventures. For example, ‘Make in India’ an initiate to make India a manufacturing hub has started to encourage individuals for start ups. In the same way, Indian government has given lots of relaxation to international and national organizations to invest, there is no tighten rules and regulations for franchising is being established. Rather than thinking about competition just concentrate to develop something fantastic.