Indian food service industry is expected to grow at 11 per cent annually to INR 408,040 crore from the current INR 247,680 by 2018, says a report released by National Restaurant Association of India (NRAI) on Tuesday titled "India Food Services Report 2013".
Presenting the report, Samir Kuckreja, President, NRAI, said, “Through this report, we intend to draw the attention of the public and Government towards the opportunities the industry is offering as well as the issues which are dampening its growth.
As we have been a significant contributor to the nation’s economy through efficient collection of tax and employment generation, we hope that we can work together with the Government’s support to help grow the industry. We are proud to announce that the industry currently employs 4.6 million people directly which is projected to grow to 8 million by 2018”.
As per the report, in terms of market segments, Quick Service Restaurants (QSR) and Casual Dine-in formats account for 74 per cent of the total chain market, while Cafés make up for 12 per cent with Fine Dining and Pub Bars Club & Lounges (PBCL) comprising the rest
The chain and licensed standalone industry will contribute an estimated IN