Franchising Association of India (FAI) is an industry association for the $4 billion franchise sector growing at a rate of 25-30% annually in India, representing franchisees, franchisors and service providers to the sector. Start to read the Tips to Do Business in India guide for professionals. And get information about Jobs in India and employment news. FAI was formed in the year 2001 as a not-for-profit industry association, with the following objectives: To establish standards of international best practice in business format franchising for Indian franchise systems. To provide information and education about franchising to existing and potential franchisees and franchisors. To educate state and central government on issues relevant to the sector. Please also come to visit our popular Franchise Opportunities in India Blog Site with Videos, where you can Find, Offer or Search for more Franchise Information and Business Opportunities in India.
India Franchising Opportunity Today
The FAI is a nationally incorporated not-for-profit association with its head office in Mumbai and regional office in New Delhi. FAI has formed various committees for increased participation of the members in developing the franchising industry and respective sectors. FAI is a member of the World Franchise Council and is affiliated with franchising associations around the world. The Franchising Association of India (FAI) is an industry association formed about a decade ago, committed to strengthening and promoting the best practices in franchising. Providing educational programs, FAI also offers marketing services and networking opportunities that bring together the top creative thinkers and franchise veterans to talk about the most important issues affecting franchising.
India Franchising Business
Over the years franchise business has matured. Nowadays franchise modules are premised on simple, affordable and convenient innovations that use fewer resources and have an advantage over incumbent companies. Women techies switch to pre-school franchises. Micro Franchising: Asset light business models where technology is integrated with existing assets is the order of the day where business models like Uber, OLA, Yo Rooms are about bringing more sweat to existing infrastructure. Online Franchising: It is about using franchising for executing business at the last mile where concepts like Dark stores; service models like My Glamm are finding value. Franchise and royalty fees received by Subway Systems India, a group company of the international fast-food chain, cannot be subject to value-added tax (VAT) in Maharashtra, according to a recent order of the Bombay high court. Subway India enters into franchise agreements with third-party restaurants (ie, franchisees), permitting them to operate sandwich shops by displaying the trademark ‘Subway’. In return, Subway India receives a one-time franchise fee paid on signing of the agreement and weekly royalty payments linked with the restaurant’s turnover.