Franchising Booming India
-
Upload
harsh-chhajed -
Category
Business
-
view
415 -
download
0
description
Transcript of Franchising Booming India
Franchising-booming
INDIA(piggy back riders)
(business india)(july – august’ 2013)by Harsh Chhajed
fybba-144
1
franchising defined A marketing system revolving around a two-party agreement, whereby the franchisee conducts business according to the terms specified by the franchisor .
2
FranchiseeAn entrepreneur whose power is limited by a contractual agreement with a franchisor
FranchisorThe party in the franchise contract that specifies the methods to be followed and the terms to be met by the other party
3
Increasing consumption and willingness to spend .
Increasing purchasing power of the middle class .
Growing preferences for branded and quality products among consumers .
Increased global exposure and growing aspirations to adopt western culture and use international brands.
Reasons for the boom( demand view )
4
Increasing set of opportunity-driven competent entrepreneurs
Increasing awareness of franchising as a business opportunity and it’s relative low risk profile
Government initiatives such as the liberalization of FDI in retail which has allowed foreign brands to enter india .
Reasons for the boom( supply view )
5
RETAIL SECTOR
FAST FOOD CHAIN SECTOR
6
Franchising is Big Business Globally Over a million franchised outlets with sales of 2-3 trillion
dollars
The United States of America is at the forefront of the franchise boom
40 % of retail sale revenues are from franchising 50,000 Malls, 40,000 Supermarkets
Franchising has a Huge Growth ahead in India Relatively New Concept for India
Around 1,200 Franchisors in the country (200 are foreign) More than 100,000 franchisees
Current market size in India: $10 billion $20 billion by 2014 (30 % Growth Rate)
2% of the total Retail Sales 300 Malls, 1500 Supermarkets
Franchising infrastructure is in place in India
7
8
A BETTER INDIA.. A RISING INDIA…
BIBLIOGRAPHY
WWW.KPMG.COM
WWW.FAI.CO.IN
WWW.ECONOMICTIMES.INDIATIMES.COM
WWW.FRANCHISEINDIA.COM
WWW.ENTERPRENEUR.COM
WWW.FINANCIALEXPRESS.COM
Text