This
is the place to know about franchising in India. Though franchising business
has existed for centuries and now flourishing in developed countries, it is not
so popular in India. It is because of many reasons that include the
centuries-old laws governing its operations. Also, as per the existing Indian laws,
the foreign franchisor does not need to register with any Indian regulatory or
professional body for establishing the franchise system. Nevertheless, many
franchises like McDonald's, KFC, Subway, and others are doing good business in
India even with so many drawbacks. Even with the rapid influx of the FDI or foreign
direct investment in India that crossed 80,000 million dollars in 2020-2021,
there is no steep rise in the franchising business in India.
So,
let's check out the reasons responsible for the franchising in India not
flourishing even with its huge potential of 1.38 billion population and rapid
economic growth.
Four
reasons for franchising in India is not up to the level of other developed
countries
1.
Finance for the franchise
Finance is a critical reason as any franchisor will seriously look into it, especially abroad. Therefore, franchi
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Obhan & Associates is a reputed, skilled, and
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law with the goal of aiding and assisting its clients at every stage and is
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Selena Parker
I am a blogger, writer like to write beautiful blogs that match unique wonderful work and personalities through supportive, friendly FEEDBACK, helpful step-by-step TUTORIALS, and GUIDES for all those ..
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