Hotline: 1800 102 2007
X
Search Business Opportunities
2011-04-12

Obama seeks export ties with India

The goal of the initiative is to double the US exports in five years and to support several million jobs

Representatives of 15 companies visited the financial capital of the nation to network with leading entrepreneurs and business leaders as part of US's national initiative for export ties.

Nicole Y. Lamb-Hale, assistant secretary of manufacturing and services of the US Department of Commerce, led the mission to India that will also explore the market in Hyderabad and New Delhi. "This is the first franchising trade mission organised by the US Department of Commerce to visit India. We are here as part of President (Barack) Obama's national export initiative," Lamb-Hale said.

"The goal of the initiative is to double the US exports in five years and to support several million jobs," she added.

The participating companies include Applebee's, BannaStrow's Crepes and Coffee, CKE Restaurants- Carl's Jr., Denny's, Focus Brands, Schlotzsky's Deli, Moe's Southwest Grill, Carvel Ice Cream, Johnny Rockets, Molly Maid and Wonderworks Amusement Parks.

Currently, the franchise market in India is estimated at $3.3 billion and growing at about 30 percent. Over 700 franchise systems are already operating in the country, and approximately 10 percent of these systems are run by international companies.

Planning to have the first of its family dining restaurants in mid 2012, William Edwards, CEO of EGS, the company that runs Denny's Restaurants, said the firm has already eliminated beef and pork from its menu for the Indian market.

"We have now been able to completely eliminate beef and pork from the Denny's menu to replace it with more vegetarian and vegan dishes," Edwards said.

The company is also planning to come up with a professional, branded and trusted maid service franchise in India by 2012 along with Rita's Italian Ice.

Another company looking to setting shop in India is Applebee's, one of the largest casual dining chains based in the US.

Related opportunities
  • Dairy/F&V Stores
    About Us : Moo Cow was started aiming to be the bigest..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Skills / Personality Development
    About: WINNERS is privately owned and managed by Mr. Shashikant Khamkar (B.Com...
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Designer Wear
    About : Started in 2014, H&S sources its fabric from Italian..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Casual dine Restaurants
    About: Gola Sizzlers is a well established authentic chain of restaurants..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts