Franchise Plus magazine and Franchise Association of India (FAI) have announced the nominations open for the Indian Franchising Awards, 2007, which is slated to be held in the Capital on March 10-12. The Awards is an initiative to identify and recognise best practices in the business of franchising in India by honouring outstanding players with a proven record of exceptional success across various categories.
The Awards have been split into various categories that include: Indian Franchiser of the year, Franchise growth driver, Indian Global Franchiser, Innovative Franchise Model,
Supportive Franchiser, Franchiser for Emerging India, Win-win Franchising Partnership,
New Concept in Franchising, Social Benefit through Franchising, Franchising Woman of the Year, Franchise innovativeness and Franchisee of the Year.
C Y Pal, President, FAI, said, “The franchise market in India is estimated to be around $2.7 billion with over 700 franchise systems already operating. The franchise industry is expected to grow by 35 per cent per annum. With the growth of entrepreneurial skills in India and also rise in income it is a potential breeding ground for franchising industry. The retail revolution has brought many brands to India and franchising industry. The retail revolution has brought many brands to India and franchising industry provides it the required resources to expand in a vast country like India.”
Anurag Batra, President, Northern Chapter of FAI, and Editor-in-Chief and Publisher of Franchise Plus magazine, explained, “The process of selection of nominees for the Indian Franchising Awards 2007 will involve a comprehensive industry poll that would be conducted across the country and a self nomination option based on pre-defined parameters. An eminent jury comprising respected personalities and industry captains related to the franchising industry will be responsible for professional analysis and execution of the process of assessment and ultimate selection of Awards.”