The franchise business model has become increasingly popular in India in recent years, with a growing number of domestic and international companies offering franchise opportunities.
One of the key advantages of the franchise business model is that it allows entrepreneurs to start a business with a proven concept and established brand, which can help to reduce the risks involved in starting a new business. Franchisees also benefit from the support and resources provided by the franchisor, such as training, marketing, and ongoing operational support.
Some of the most popular franchise business sectors in India include food and beverage, retail, education, and healthcare. Fast food chains like McDonald’s and Subway, Momo Nation Café, one bite, grill inn, pizza da dhaba, chaat chatore & many more. retail chains like 7-Eleven, us dollar store, store99, gift shoppe & many more brands have successfully established themselves in the Indian market through the franchise model.
However, despite its growth, the franchise industry in India still faces certain challenges, such as lack of standardization, lack of awareness, and lack of proper legal framework. But with the implementation of the Franchise India Development Bill, the industry is expected to grow at a faster pace.
The Indian government has also been actively promoting the franchise business model as a means of promoting entrepreneurship and job creation, which is likely to lead to further growth in the industry in the coming years