Franchise India has tied up with more than 50 global retailers who are planning to enter India within the next six months. Franchise India is a retail solutions provider in Asia and helps helped hundreds of investors in selecting the right franchise and get regulatory clearances. Many brands from US and Singapore market will enter the Indian arena and will open a total of 3000 stores.
Some of the brands that will enter the market soon are Korres, Migato, Evisu, Wallstreet English, Pasta Mania, Lush Addiction, Melting Pot, Yogurt Lab and they will invest nearly 300 to 500 million dollars in India. 18 out of these brands are in food and beverage sector and a total of 26 in apparel, education and lifestyle products.
“The first retail wave happened a decade ago when bigger retailers and brands entered India. Now, it’s the turn of small and mid-sized brands as they look to cash in on the open retail policy and huge gap in the market for branded products” said Gaurav Marya, chairman of Franchise India Holdings.
India is a fast growing market. The Indian retail market was worth 641 billion dollars in 2016 and is expected to reach 1.6 trillion dollars by 2026. Over the next four years the market is likely to grow at a CAGR of 17 per cent to reach 1300 billion dollars.
Government has allowed 100 per cent foreign ownership in B2B e-commerce organizations and this has lead to entry of numerous foreign brands in India. As per an AT Kearney report India replaced China as the most promising retail market in the world. Further to this report also added that “Government efforts to boost cashless payments and reform indirect taxation with a nationwide goods and services tax are also expected to accelerate adoption of modern retail.” India’s current growth and development make it an ideal target for the brands.
June 29, 2017