Have you ever dreamt of opening your own cafe, bakery, or restaurant in India? If so, you are not alone. The food and beverage (F&B) industry is one of the fastest-growing and most profitable sectors in the country, with a projected annual growth rate of 10% for the next five years. The best time to start a restaurant in India, or for that matter an F&B outlet is now.
In fact, the industry is currently worth over $80 billion and employs more than 25 million people. With so much opportunity for growth and development, it’s no wonder that entrepreneurs from all over the world are flocking to India in hopes of finding their fortune. But what makes India such a great place to start your F&B business? Here are some of the reasons why you should seize this huge opportunity today:
- India has a large and diverse population of over 1.3 billion people, with different tastes, preferences, and cuisines. This means you can cater to a wide range of customers and niches, from traditional to fusion, from vegan to halal, from street food to fine dining. -The country is also home to a rapidly growing middle class and affluent population, which means there are plenty of customers with disposable income. In fact, the Indian middle class is expected to be larger than that of China by 2027, which will result in more spending power for consumers.
- More and more people are looking for new and exciting F&B experiences, especially in urban areas. They are willing to pay for quality, convenience, and variety. If you have a great concept & idea to start a restaurant in India, go for it.
- India has a rich and vibrant F&B culture, with a long history of culinary innovation and excellence. You can draw inspiration from the local flavors, ingredients, and techniques, as well as from the global trends and influences. You can also benefit from the existing F&B infrastructure, such as suppliers, distributors, and delivery platforms. India has an excellent network of restaurants, cafes, and quick service outlets. You can find them in all major cities and towns. You can find many different types of restaurants and cafes in India, including fast casual, fine dining, family-style eateries, coffee shops and bakeries. There are also plenty of food trucks offering street food such as samosas or kebabs.
- India has a supportive and favorable environment for F&B entrepreneurs, with various schemes, incentives, and policies from the government and private sector. To start a restaurant in India, you can access loans, grants, subsidies, tax breaks, training programs, mentorship networks, and more to help you start and grow your F&B business. The Indian government has also taken active steps to promote the growth of F&B businesses in India, including by establishing self-regulatory bodies such as the National Restaurant Association of India (NRAI), which provides training and certification programs for chefs, managers and restaurateurs. There are also many food festivals in India that celebrate regional cuisines, ingredients and cooking styles. These include the Delhi International Food Festival, Goa Culinary Fest, Kerala Culinary Fest and the Indian Food Festival in Mumbai. These festivals attract millions of visitors every year who are eager to try new cuisines from across India.
So what are you waiting for? If you have a passion for F&B and a vision for your dream business, now is the time to make it happen. India is waiting for you, with the perfect sales & digitisation tool to grow your restaurant business.
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