Follow on Google News News By Tag Industry News * Franchise * More Industries... News By Location Country(s) Industry News
Follow on Google News | Franchising the Retailers Route to SuccessFranchising in retail is getting popular with each passing day. Retail franchising is thus emerging as great career option offering lucrative business opportunities to aspiring entrepreneurs.
By: Franchise India Franchising@ Indian Government’s recent announcement of 100 per cent opening of Foreign Direct Investment (FDI) in retail is expected to bring lot of up gradation for retail industry. In 1997, FDI in cash-and-carry (wholesale) with 100 per cent ownership was allowed under the government approval route. It was brought under the automatic route in 2006 with FDI being allowed 100 per cent in single brand and 51 per cent in multi-brand retail. With the latest development Indian Government has now allowed 100 percent FDI. This passing of FDI policy would surely affect and improve the standard of organised retail and would definitely boost retail franchising in India. The well established Indian retailers like ITC Limited, Future Group, Reliance, Arvind Limited, Dabur and many more are rapidly taking up the franchise route to make significant investments in the retail industry. As per the prevailing conditions about 80 per cent of the Indian market is unorganised and only 20 per cent share of the total retail market belongs to the organised players. By 2020, modern retail will contribute 30 per cent, compared to that of 57 per cent of traditional retail, the balance being filled by branded shops, e-commerce etc. As the industry is growing at a very fast pace year after year, the reduction in percentage of traditional channel in no way reduces the value and volume of business for traditional retail. Even with buying a franchise@http://www.franchiseindia.com/ Still as more and more people have the ambition of getting into self employed businesses, the franchise@http:// Franchise India provides you information about any franchise business opportunity available in the market. Here you can get all the information about franchise, franchising and buying a franchise.please visit http://www.franchiseindia.com/ End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|