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Revolutionizing Indian Food Services: A JOURNEY OF CULINARY INNOVATION
The Franchising World
|January 2024 - February 2024
The burgeoning chains of Quick Service Restaurant (QSR) have come a long way in India with a growth rate of 17%. The QSR industry in India is expected to reach up to Rs. 827 billion by 2025.
The Indian Food Service industry surely is on the path of transformation. With culinary innovations making the food services sector both cost and time efficient, more and more F&B stakeholders and consumers are warming up to this transformational journey. According to a media report in 2022, the HORECA industry (Hotel, Restaurant, Cafe) in India increased by 10 percent over the last few years to reach Rs. 275,512 crores in 2018-19 and is projected to grow by 6 percent reaching up to Rs. 341,877 crores within 202223. And with this growth trajectory, the industry is surely poised for exponential growth in years to come.
This story is from the January 2024 - February 2024 edition of The Franchising World.
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