Franchise Direct is pleased to announce the opening of its first office in India. The office, which is located in Delhi, will be Franchise Direct’s Indian hub for franchise sales and support. It will initially employ three staff members.
India is growing rapidly as a franchise led economy (growth rates are in excess of 6pc year on year). The Franchise Association of India estimates value of industry to reach $35bn by 2020. There are approximately 3,000 franchise brands operating there and the franchise model is spread across several sectors ranging from fast food chains and retail outlets to educational institutions, healthcare and logistics. Franchise Direct India is currently working with over 50 local brands and will be seeking to expand.
Conor McGarry, Business Development Manager at Franchise Direct, says: “The new office will play a key role in our expansion plans for India, strengthening our presence there and increasing our market share in the region. This is part of a strategic development plan that will allow us to further improve the scope and quality of our services to our rapidly growing network of customers and partners.”