Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Food and Beverage 2013-10-24

Right recipe for food business

The second day of the Entrepreneurship Summit 2013 organised by Franchise India has witnessed eminent speakers sharing their business insights on what should be the right recipe for food service business.

By Deputy Features Editor
Right recipe for food business

The session includes panellist Dheeraj Gupta, Founder & MD, Jumboking; Murali Parna, COO, Sagar Ratna; Kailash Goenka, CMD, Sankalp Group; Sharad Sachdeva, COO, Lite Bite Foods Ltd and Eric Ho, Founder, Yo Yo Noodles.

NRAI report says the size of the food services market in India is estimated at USD 48 billion in 2013 which is projected to grow at a CAGR of 11 percent over the next five years to reach USD 78 billion by 2018. The panellists in the session were optimistic about the further growth of the industry and they highlighted different growth factors of the Indian food business. How to make the food exceptionally good in taste? What is the prime reason for the success of a restaurant in the country? Localisation of menu according to the demography and reasons why foreign restaurant chains are successful in India were a few talking points of the panel discussion.

Dheeraj Gupta, Founder & MD, Jumboking stressed the availability of brands in prime location is very important and the brands should rise above taste in food business.

Regional foods will keep growing but healthy foods will be soon in demand said, Murali Parna, COO, Sagar Ratna. He is also of the opinion that innovation of menu, good quality food at affordable price, heart warming hospitality of every guests and location is the reason for the success of a restaurant in India.

Talking about the growing culture of people eating out, Sharad Sachdeva, COO, Lite Bite Foods Ltd was of the opinion that, “People living away from home and also the nuclear family system has given a rise to the propelling food business in the country.”

Discussing the success of the foreign brands in the country Sachdeva further elaborated, “Progressing middle class, knowledge for food brand, generating flavour for different cuisine, and experimenting the food are the main rationale for the success of foreign brands.”

Concluding the session Eric Ho, Founder, Yo Yo Noodles said, “Recession is the best time to grow for a restaurant because it is that time when everybody sleeps and you get a chance to work harder.”

Related opportunities
  • Designer
    About Us: Established in 1990, Catwalk Worldwide Private Limited is India’s..
    Locations looking for expansion Delhi
    Establishment year 1990
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Computer Hardware & IT
    About Us: Mindlogicx is a global knowledge engineering company , and..
    Locations looking for expansion Karnataka
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Express Food Joints / Drive Through
    Have you ever dreamt of owning a food franchise opportunity? Grab..
    Locations looking for expansion Rajasthan
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Quick Service Restaurants
    About Us: Franchisees Invited Pune’s Fastest Growing Chain of Specialized Cuisine R..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 180
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
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
More Stories

Free Advice - Ask Our Experts