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In the last 11 years The Franchising World has made its indelible mark in the franchising industry as the first franchise magazine in India to present top industries and new formats in the franchise domain and extend knowledge-based articles and features to educate the entrepreneurs.
From booking medical procedures in leading hospitals around the globe in 2006, MediTravels went on to offer a complete package including air, hotel and recuperation vacation packages. The company focuses on consumer-driven healthcare approach, where the patient is able to dictate pricing or choose a hospital/clinic which suits his budget. The company has also added a clinic and pharmacy to cater to the needs of the patients.
The mobile subscriber base in the country crossed the 500 million mark to touch 506 million in November. The landmark development comes for the overall telecom subscriber base of mobile plus landline in October against the targeted date of December, 2009. According to figures released by the Telecom Regulatory Authority of India (TRAI), the total telecom subscriber base stood at 543 million in November end, registering a growth of 3.34 per cent over the previous month.
The growth of franchising in the home furnishings industry has to be viewed in the light of the tumultuous changes taking place in businesses across the world. Furthermore, any discussion on franchising in the home furnishing industry per se, has to take into account the state of global economy, shifting production bases and rapidly evolving firm strategies in keeping with the changes in the global macroeconomic scenario.
Franchising has been one of the most successful ways of doing and strengthening business in both, developed countries and emerging markets. Worldwide, franchising has been effective in ensuring sustainable business growth and generating new incomes through large employment opportunities. While at one end, it leads in producing entrepreneurs as business owners, on the other it creates tremendous employment opportunity at all levels.
Franchise laws refer to that a collection of legislation and case law which govern and affect the franchise system and franchise relationship. Some laws are specific to franchising, others more generic and relate to parts of the franchise operation, like intellectual property, licensing, health and safety, environmental issues, e-trading, employment and anti-competitive behaviour.
Interestingly, many international brands opted to choose the franchise route for their entry into India. There were changes in the market environment and government policies that made the business environment favourable for growth through franchising.
Though there is no specific statute on franchising in India, there are a number of laws and regulations that would apply to it. It would be pertinent to understand how these different laws and regulations apply to franchising in India and the various issues one needs to be conversant about.
On a recent visit to India, last December, Peter Taunton visited India clubs to determine their future expansion outside the city of Bangalore. On this occasion, TFW caught up with this entrepreneur whose fitness chain is gaining strength worldwide.
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Finance minister Arun Jaitley has said that the Goods and Services Tax (GST) will be a "top priority" for his government."Our roadmap
International franchise brands have tapped Indian market in a prudent and calculative manner. From
How are debutant franchisors gaining ground globally?
Where established Indian
Raise funds to rise up!
A Merisis Advisors report says