US headquartered Francorp INC – the world’s largest franchising consultancy company having presence in over 10 countries has joined hands with Delhi headquartered Franchise India - Asia’s largest integrated franchise and retail solution provider to start its India Chapter under the banner of Francorp India.
The new entity will provide a strategic platform for over 300 leading international brands, Francorp already representing including American Express, USA Baby, Du Pont, Kodak, Ford Motor Company, Hall mark Cards, Hollywood videos, KFC, Nestle Panda express, Shell Oil, Valvoline, etc for their entry/expansion in the Indian retail & franchising industry
Initially Francorp India plans to open its 3 offices in metros like Delhi, Mumbai, Bangalore and one in Chandigarh.
Mr Ramon Vinay, President, Francorp, US, who was especially here in India disclosed, “FRANCHISE INDIA has already paved the way with franchise expos, franchise and business publications, and franchise consulting in India. We are honored to have them as part of our team.”
“We are very excited about the opportunity to enter the Indian market at a time when the concept of franchising is experiencing tremendous growth and acceptance,” Mr Ramon further added.
Commenting on the Francorp’s India entry, Mr Ramon said, “For over 30 years, Francorp has been the leader in the franchise consulting industry. Globally Francorp has assisted more than 10,000 companies for expansion, and has developed more than 2,000 franchise programs throughout the U.S., Japan, South Africa, Middle East, Central America, Malaysia, Philippines, Argentina, Chile, and Mexico and now its turn for India.”
Also present on the occasion, Mr Gaurav Marya, President, Franchise India, says, “Francorp India will help boost investor confidence by providing professionally managed franchise consulting and development support, all under a common one-step gateway to facilitate entry into India and vice-versa.”
India is home to over a billion people, with a flourishing class of urban consumers possessing considerable amount of disposable income. With the continued growth of the economy, India has strengthened its claim to be a viable and beneficial destination for a foreign franchisor.
“Since its beginning in the early 90s, the franchise industry has grown in leaps and bounds in the Indian sub-continent, and there is still much to explore. Based on the successful growth of many franchise brands in India, the future of franchising in India is highly promising,” says Mr Marya
The promising future of the Indian franchising industry is backed up by an equally powerful market report that shows statistics of this thriving sector. According to reports, for the past five years the Indian franchise market has recorded a steady growth of 30 to 35% per annum. Also, the annual turnover of the Indian franchise industry soared to 3.3 billion USD and is projected to soar higher in the coming years.
